Stock analysts at StockNews.com began coverage on shares of Central Valley Community Bancorp (NASDAQ:CVCY – Get Free Report) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.
Separately, Piper Sandler decreased their target price on Central Valley Community Bancorp from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.33.
Get Our Latest Stock Report on CVCY
Central Valley Community Bancorp Stock Up 2.3 %
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CVCY. Simplex Trading LLC acquired a new position in Central Valley Community Bancorp in the 4th quarter valued at $49,000. Allspring Global Investments Holdings LLC acquired a new position in Central Valley Community Bancorp in the 3rd quarter valued at $77,000. Bfsg LLC acquired a new position in Central Valley Community Bancorp in the 4th quarter valued at $97,000. SG Americas Securities LLC acquired a new position in Central Valley Community Bancorp in the 4th quarter valued at $121,000. Finally, Bridgewealth Advisory Group LLC acquired a new position in Central Valley Community Bancorp in the 3rd quarter valued at $173,000. 50.22% of the stock is owned by institutional investors and hedge funds.
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.
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