Schwab Charles Investment Management Inc. held its position in shares of Central Valley Community Bancorp (NASDAQ:CVCY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,236 shares of the financial services provider’s stock at the close of the second quarter. Schwab Charles Investment Management Inc. owned approximately 0.23% of Central Valley Community Bancorp worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Central Valley Community Bancorp by 11.7% in the second quarter. Bessemer Group Inc. now owns 22,000 shares of the financial services provider’s stock worth $488,000 after buying an additional 2,300 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Central Valley Community Bancorp by 122.2% in the first quarter. Renaissance Technologies LLC now owns 56,000 shares of the financial services provider’s stock worth $1,148,000 after buying an additional 30,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Central Valley Community Bancorp by 47.2% in the first quarter. Dimensional Fund Advisors LP now owns 116,426 shares of the financial services provider’s stock worth $2,387,000 after buying an additional 37,328 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Central Valley Community Bancorp by 33.4% in the first quarter. Vanguard Group Inc. now owns 378,232 shares of the financial services provider’s stock worth $7,754,000 after buying an additional 94,609 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Central Valley Community Bancorp by 17.5% in the first quarter. FMR LLC now owns 82,227 shares of the financial services provider’s stock worth $1,686,000 after buying an additional 12,227 shares in the last quarter. 39.48% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on CVCY. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, October 20th. FIG Partners reissued a “market perform” rating and issued a $24.00 price target (up from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd. ValuEngine raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, BidaskClub downgraded shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.

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Central Valley Community Bancorp (NASDAQ:CVCY) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.56%. The firm had revenue of $16.13 million for the quarter, compared to analysts’ expectations of $16.60 million.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders 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 annualized dividend and a dividend yield of 1.19%. Central Valley Community Bancorp’s dividend payout ratio is currently 18.18%.

In other Central Valley Community Bancorp news, Director Daniel J. Doyle sold 6,600 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $19.56, for a total transaction of $129,096.00. Following the sale, the director now directly owns 79,000 shares of the company’s stock, valued at approximately $1,545,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lydia E. Shaw sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $19.98, for a total transaction of $29,970.00. Following the sale, the insider now directly owns 18,500 shares in the company, valued at $369,630. The disclosure for this sale can be found here. 21.57% of the stock is owned by company insiders.

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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