November 17, 2016 - By Linda Rogers · 0 Comments
Central Valley Community Bancorp (NASDAQ:CVCY) institutional sentiment increased to 4 in 2016 Q2. Its up 2.44, from 1.56 in 2016Q1. The ratio has increased, as 40 hedge funds opened new or increased holdings, while 10 sold and reduced their equity positions in Central Valley Community Bancorp. The hedge funds in our partner’s database now have: 8.44 million shares, up from 3.73 million shares in 2016Q1. Also, the number of hedge funds holding Central Valley Community Bancorp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 7 Increased: 9 New Position: 31.
Central Valley Community Bancorp is a bank holding company, which operates through its subsidiary, Central Valley Community Bank . The company has a market cap of $221.02 million. The Company’s principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It has a 12.03 P/E ratio. 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.
The stock closed at $16.89 during the last session. It is down 53.41% since April 15, 2016 and is uptrending. It has outperformed by 48.78% the S&P500.
According to Zacks Investment Research, “Central Valley Community Bank is the sole subsidiary of Central Valley Community Bancorp. The Bank operates full-service offices in Clovis, Fresno, Prather, Kerman and Sacramento, plus Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are also provided by Investment Centers of America.”
Elizabeth Park Capital Advisors Ltd. holds 1.05% of its portfolio in Central Valley Community Bancorp for 176,629 shares. Private Management Group Inc owns 995,145 shares or 0.92% of their US portfolio. Moreover, Banc Funds Co Llc has 0.75% invested in the company for 915,895 shares. The New York-based Basswood Capital Management L.L.C. has invested 0.59% in the stock. Boothbay Fund Management Llc, a New York-based fund reported 10,065 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 1 sale for $17,484 net activity.
Ratings analysis reveals 0 of Central Valley Community Bancorp’s analysts are positive. Out of 2 Wall Street analysts rating Central Valley Community Bancorp, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. CVCY was included in 3 notes of analysts from April 21, 2016. As per Friday, July 22, the company rating was downgraded by Wood. The firm has “Market Perform” rating given on Friday, July 22 by Keefe Bruyette & Woods. The rating was upgraded by Wood to “Outperform” on Thursday, April 21.
Central Valley Community Bancorp, incorporated on February 7, 2000, 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. The Firm 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.
More recent Central Valley Community Bancorp (NASDAQ:CVCY) news were published by: Marketwatch.com which released: “Central Valley Community Bancorp Receives Sierra Vista Bank Shareholder …” on September 02, 2016. Also Reuters.com published the news titled: “BRIEF-Central Valley Community Bancorp Q3 earnings per share $0.28” on April 26, 2013. Streetinsider.com‘s news article titled: “Central Valley Community (CVCY) to Acquire Sierra Vista Bank in ~$24M Deal” with publication date: April 29, 2016 was also an interesting one.
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By Linda Rogers