Central Valley Community Bancorp (NASDAQ:CVCY) Director Daniel J. Doyle sold 6,600 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $19.56, for a total transaction of $129,096.00. Following the completion of the transaction, the director now directly owns 79,000 shares in the company, valued at approximately $1,545,240. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Central Valley Community Bancorp (NASDAQ CVCY) opened at 20.17 on Friday. Central Valley Community Bancorp has a 52 week low of $13.75 and a 52 week high of $23.94. The stock has a 50 day moving average of $21.19 and a 200-day moving average of $21.07. The stock has a market cap of $246.30 million, a P/E ratio of 16.29 and a beta of 0.20.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. The company had revenue of $17.88 million during the quarter, compared to analysts’ expectations of $15.85 million. Central Valley Community Bancorp had a net margin of 23.78% and a return on equity of 8.94%. Analysts forecast that Central Valley Community Bancorp will post $1.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, August 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 19.35%.

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A number of equities analysts have recently commented on the stock. FIG Partners reissued a “market perform” rating and issued a $24.00 target price (up previously from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Friday, July 21st. 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.

Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new stake in Central Valley Community Bancorp during the first quarter valued at approximately $12,414,000. FMR LLC increased its stake in Central Valley Community Bancorp by 257.1% in the second quarter. FMR LLC now owns 293,623 shares of the financial services provider’s stock valued at $6,507,000 after buying an additional 211,396 shares during the last quarter. LSV Asset Management increased its stake in Central Valley Community Bancorp by 634.1% in the second quarter. LSV Asset Management now owns 121,833 shares of the financial services provider’s stock valued at $2,699,000 after buying an additional 105,237 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 valued at $7,754,000 after buying an additional 94,609 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in Central Valley Community Bancorp by 415.8% in the first quarter. Kennedy Capital Management Inc. now owns 74,431 shares of the financial services provider’s stock valued at $1,526,000 after buying an additional 60,000 shares during the last quarter. 41.97% of the stock is owned by institutional investors.

About Central Valley Community Bancorp

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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