Bank of New York Mellon Corp increased its position in Central Valley Community Bancorp (NASDAQ:CVCY) by 32.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 55,127 shares of the financial services provider’s stock after buying an additional 13,631 shares during the period. Bank of New York Mellon Corp owned approximately 0.45% of Central Valley Community Bancorp worth $1,130,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CVCY. Teachers Advisors LLC boosted its position in Central Valley Community Bancorp by 9.4% in the fourth quarter. Teachers Advisors LLC now owns 14,734 shares of the financial services provider’s stock worth $294,000 after buying an additional 1,265 shares in the last quarter. LSV Asset Management boosted its position in Central Valley Community Bancorp by 31.7% in the first quarter. LSV Asset Management now owns 16,596 shares of the financial services provider’s stock worth $340,000 after buying an additional 3,996 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Central Valley Community Bancorp during the fourth quarter worth $433,000. Dimensional Fund Advisors LP boosted its position in Central Valley Community Bancorp by 99.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 79,098 shares of the financial services provider’s stock worth $1,579,000 after buying an additional 39,419 shares in the last quarter. Finally, State Street Corp boosted its position in Central Valley Community Bancorp by 22.2% in the fourth quarter. State Street Corp now owns 111,771 shares of the financial services provider’s stock worth $2,233,000 after buying an additional 20,284 shares in the last quarter. Institutional investors own 42.16% of the company’s stock.

Central Valley Community Bancorp (NASDAQ:CVCY) opened at 21.88 on Friday. The firm has a market capitalization of $267.18 million, a PE ratio of 17.67 and a beta of 0.20. The firm’s 50-day moving average is $22.22 and its 200-day moving average is $21.03. Central Valley Community Bancorp has a 52-week low of $13.75 and a 52-week high of $23.94.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.30 by $0.10. The company had revenue of $17.88 million for the quarter, compared to analyst estimates of $15.85 million. Central Valley Community Bancorp had a net margin of 23.78% and a return on equity of 9.12%. On average, analysts anticipate that Central Valley Community Bancorp will post $1.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. Central Valley Community Bancorp’s payout ratio is currently 19.35%.

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A number of research firms have weighed in on CVCY. Zacks Investment Research cut shares of Central Valley Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. FIG Partners restated 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 report on Sunday, July 23rd. Finally, ValuEngine upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Central Valley Community Bancorp Company 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.

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

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