Positive Press Coverage Somewhat Unlikely to Affect Central Valley Community Bancorp (CVCY) Stock Price
Media headlines about Central Valley Community Bancorp (NASDAQ:CVCY) have been trending positive this week, according to Accern. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Central Valley Community Bancorp earned a news impact score of 0.34 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.1164347021794 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Central Valley Community Bancorp (NASDAQ CVCY) opened at 20.17 on Friday. The stock’s 50 day moving average is $21.19 and its 200 day moving average is $21.07. Central Valley Community Bancorp has a 12-month low of $13.75 and a 12-month high of $23.94. The stock has a market capitalization of $246.30 million, a price-to-earnings ratio of 16.29 and a beta of 0.20.
Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.10. Central Valley Community Bancorp had a return on equity of 8.94% and a net margin of 23.78%. The company had revenue of $17.88 million during the quarter, compared to analyst estimates of $15.85 million. Equities research analysts forecast that Central Valley Community Bancorp will post $1.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.19%. Central Valley Community Bancorp’s dividend payout ratio (DPR) is presently 19.35%.
Several equities analysts have recently weighed in on the stock. FIG Partners reaffirmed a “market perform” rating and set a $24.00 target price (up from $23.00) on shares of Central Valley Community Bancorp in a report 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 for the company in a report on Friday, July 21st. ValuEngine raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Finally, BidaskClub lowered shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
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In other news, insider Lydia E. Shaw sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $19.98, for a total value of $29,970.00. Following the completion of the sale, the insider now owns 18,500 shares in the company, valued at $369,630. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel J. Doyle sold 6,600 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $19.56, for a total value of $129,096.00. Following the completion of the sale, the director now owns 79,000 shares of the company’s stock, valued at approximately $1,545,240. The disclosure for this sale can be found here. Corporate insiders own 21.57% of the company’s stock.
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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