Wells Fargo & Company MN trimmed its holdings in Central Valley Community Bancorp (NASDAQ:CVCY) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,640 shares of the financial services provider’s stock after selling 191 shares during the period. Wells Fargo & Company MN owned about 0.15% of Central Valley Community Bancorp worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Kennedy Capital Management Inc. lifted its position in shares of Central Valley Community Bancorp by 1.0% in the second quarter. Kennedy Capital Management Inc. now owns 75,163 shares of the financial services provider’s stock worth $1,666,000 after buying an additional 732 shares in the last quarter. LSV Asset Management lifted its position in shares of Central Valley Community Bancorp by 634.1% in the second quarter. LSV Asset Management now owns 121,833 shares of the financial services provider’s stock worth $2,699,000 after buying an additional 105,237 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Central Valley Community Bancorp by 20.2% in the second quarter. JPMorgan Chase & Co. now owns 124,701 shares of the financial services provider’s stock worth $2,764,000 after buying an additional 20,975 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Central Valley Community Bancorp by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 61,782 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 6,655 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Central Valley Community Bancorp in the second quarter worth about $229,000. Institutional investors and hedge funds own 39.13% of the company’s stock.

Several equities research analysts have weighed in on CVCY shares. BidaskClub cut Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research cut Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, FIG Partners reissued a “market perform” rating and set a $24.00 price objective (up from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd.

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Central Valley Community Bancorp (NASDAQ CVCY) opened at $19.98 on Wednesday. The company has a market capitalization of $270.13, a P/E ratio of 15.07, a PEG ratio of 1.97 and a beta of 0.25. Central Valley Community Bancorp has a 52 week low of $15.85 and a 52 week high of $23.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67.

Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $16.13 million for the quarter, compared to analysts’ expectations of $16.60 million. Central Valley Community Bancorp had a return on equity of 9.41% and a net margin of 24.80%. sell-side analysts forecast that Central Valley Community Bancorp will post 1.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.20%. Central Valley Community Bancorp’s dividend payout ratio is 18.18%.

In other news, Director Daniel J. Doyle sold 6,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $19.56, for a total transaction of $129,096.00. Following the transaction, the director now owns 79,000 shares of the company’s stock, valued at $1,545,240. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 19.70% of the company’s stock.

Central Valley Community Bancorp Profile

Central Valley Community Bancorp is a bank holding company, which operates through its subsidiary, Central Valley Community Bank (the Bank). The Company’s principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It serves over seven contiguous counties in California’s central valley, including Fresno County, Madera County, Merced County, Sacramento County, San Joaquin County, Stanislaus County, and Tulare County, and surrounding areas through the Bank.

Institutional Ownership by Quarter for Central Valley Community Bancorp (NASDAQ:CVCY)

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