Central Valley Community Bancorp (NASDAQ:CVCY)’s share price dropped 2.6% on Friday . The stock traded as low as $14.46 and last traded at $14.48, with a volume of 76,832 shares changing hands. The stock had previously closed at $14.87.

CVCY has been the subject of several research reports. Zacks Investment Research lowered Central Valley Community Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, May 9th. Keefe, Bruyette & Woods raised Central Valley Community Bancorp from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $12.50 to $13.00 in a report on Thursday, April 21st. Finally, Sandler O’Neill raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, April 21st.

The stock has a 50 day moving average of $14.35 and a 200-day moving average of $12.60. The company has a market cap of $159.69 million and a PE ratio of 10.65.

Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.17. Analysts forecast that Central Valley Community Bancorp will post $1.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $0.24 annualized dividend and a dividend yield of 1.66%.

In other 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 shares were sold at an average price of $15.21, for a total transaction of $30,420.00. Following the completion of the transaction, the director now directly owns 42,765 shares in the company, valued at $650,455.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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.

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