StockNews.com Begins Coverage on Central Valley Community Bancorp (NASDAQ:CVCY)

StockNews.com began coverage on shares of Central Valley Community Bancorp (NASDAQ:CVCY) in a report issued on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler reduced their price target on shares of Central Valley Community Bancorp from $23.00 to $22.00 and set an overweight rating on the stock in a research note on Friday, January 19th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $20.33.

Central Valley Community Bancorp Stock Performance

Shares of Central Valley Community Bancorp stock opened at $19.89 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $18.84 and its two-hundred day moving average is $18.39. Central Valley Community Bancorp has a 52 week low of $12.59 and a 52 week high of $22.89. The company has a market capitalization of $235.30 million, a PE ratio of 9.17 and a beta of 0.85.

Institutional Investors Weigh In On Central Valley Community Bancorp

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Central Valley Community Bancorp in the third quarter valued at about $77,000. Bridgewealth Advisory Group LLC bought a new stake in shares of Central Valley Community Bancorp in the 3rd quarter valued at about $173,000. Orion Portfolio Solutions LLC lifted its position in shares of Central Valley Community Bancorp by 6.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 25,414 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 1,593 shares during the period. Private Management Group Inc. boosted its stake in shares of Central Valley Community Bancorp by 1.2% during the third quarter. Private Management Group Inc. now owns 522,623 shares of the financial services provider’s stock valued at $7,374,000 after purchasing an additional 6,400 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Central Valley Community Bancorp by 32.5% during the first quarter. BNP Paribas Financial Markets now owns 21,232 shares of the financial services provider’s stock valued at $422,000 after buying an additional 5,210 shares during the period. 50.22% of the stock is currently owned by hedge funds and other institutional investors.

Central Valley Community Bancorp Company Profile

Central Valley Community Bancorp operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in the central valley area of California. The company accepts demand, savings, and time deposits; certificates of deposit; and non-interest-bearing demand deposits, as well as provides NOW and money market accounts.