Central Valley Community Bancorp (NASDAQ:CVCY) Receives New Coverage from Analysts at StockNews.com

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

Separately, Piper Sandler reduced their price objective on 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Central Valley Community Bancorp has an average rating of Moderate Buy and a consensus target price of $20.33.

Central Valley Community Bancorp Price Performance

Central Valley Community Bancorp has a 1-year low of $12.59 and a 1-year high of $22.89. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The company has a market cap of $235.30 million, a P/E ratio of 9.17 and a beta of 0.85. The business’s 50 day moving average price is $18.78 and its 200 day moving average price is $18.27.

Hedge Funds Weigh In On Central Valley Community Bancorp

Several institutional investors have recently made changes to their positions in CVCY. Simplex Trading LLC bought a new position in Central Valley Community Bancorp during the 4th quarter worth $49,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Central Valley Community Bancorp in the 3rd quarter worth approximately $77,000. Bfsg LLC bought a new position in shares of Central Valley Community Bancorp in the fourth quarter valued at approximately $97,000. SG Americas Securities LLC bought a new position in shares of Central Valley Community Bancorp in the fourth quarter valued at approximately $121,000. Finally, Bridgewealth Advisory Group LLC acquired a new position in shares of Central Valley Community Bancorp during the third quarter valued at approximately $173,000. 50.22% of the stock is owned by institutional investors.

About Central Valley Community Bancorp

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.