Central Valley Community Bancorp (NASDAQ:CVCY) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Central Valley Community Bancorp (NASDAQ:CVCY) in a research note published on Friday. The firm issued a hold rating on the financial services provider’s stock.

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

Central Valley Community Bancorp Price Performance

Shares of CVCY opened at $19.89 on Friday. Central Valley Community Bancorp has a 52 week low of $12.59 and a 52 week 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 firm has a market cap of $235.30 million, a price-to-earnings ratio of 9.17 and a beta of 0.85. The stock has a 50 day moving average of $18.78 and a 200-day moving average of $18.27.

Institutional Trading of Central Valley Community Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC grew its stake in Central Valley Community Bancorp by 6.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 25,414 shares of the financial services provider’s stock worth $359,000 after buying an additional 1,593 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of Central Valley Community Bancorp during the fourth quarter valued at $49,000. Bfsg LLC bought a new position in shares of Central Valley Community Bancorp during the fourth quarter worth about $97,000. BNP Paribas Financial Markets increased its holdings in shares of Central Valley Community Bancorp by 40.2% in the 4th quarter. BNP Paribas Financial Markets now owns 16,022 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 4,594 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Central Valley Community Bancorp in the 3rd quarter valued at about $77,000. 50.22% of the stock is currently owned by institutional investors and hedge funds.

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.