Central Valley Community Bancorp (CVCY) Stock Price Up 2.1%
Central Valley Community Bancorp (NASDAQ:CVCY) was up 2.1% during mid-day trading on Monday . The company traded as high as $16.07 and last traded at $15.27, with a volume of 114,418 shares trading hands. The stock had previously closed at $14.95.
A number of equities research analysts have issued reports on CVCY shares. Zacks Investment Research upgraded Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research note on Friday, April 22nd. Sandler O’Neill upgraded Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, April 21st. Finally, Keefe, Bruyette & Woods upgraded Central Valley Community Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the company from $12.50 to $13.00 in a research note on Thursday, April 21st.
The stock’s 50 day moving average price is $14.04 and its 200-day moving average price is $12.48. The company has a market cap of $169.17 million and a P/E ratio of 11.29.
Central Valley Community Bancorp (NASDAQ:CVCY) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.17. On average, equities analysts anticipate that Central Valley Community Bancorp will post $1.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 5th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, August 3rd.
In other Central Valley Community Bancorp news, Director Joseph B. Weirick sold 2,000 shares of Central Valley Community Bancorp stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $15.21, for a total value of $30,420.00. Following the transaction, the director now directly owns 42,765 shares of the company’s stock, valued at approximately $650,455.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Central Valley Community Bancorp is a bank holding company, which operates through its wholly owned 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. The Company serves 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 their surrounding areas through the Bank.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.