Central Valley Community Bancorp (NASDAQ:CVCY) dropped 5.4% during trading on Monday . The company traded as low as $14.15 and last traded at $14.24, with a volume of 72,995 shares trading hands. The stock had previously closed at $15.06.

CVCY has been the topic of a number of analyst reports. Zacks Investment Research upgraded Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Friday, April 22nd. Sandler O’Neill upgraded Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, April 21st. Finally, Keefe, Bruyette & Woods upgraded Central Valley Community Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the company from $12.50 to $13.00 in a research report on Thursday, April 21st.

The company’s 50 day moving average is $14.66 and its 200 day moving average is $12.83. The firm has a market cap of $160.82 million and a P/E ratio of 10.68.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings data 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. Equities research analysts forecast that Central Valley Community Bancorp will post $1.32 earnings per share for the current year.

The company 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 dividend of $0.06 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.65%.

In other Central Valley Community Bancorp news, Director Joseph B. Weirick sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $15.21, for a total transaction of $30,420.00. Following the sale, the director now 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 at 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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