Press coverage about Central Valley Community Bancorp (NASDAQ:CVCY) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Central Valley Community Bancorp earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.6557598518423 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Sandler O’Neill set a $25.00 target price on Central Valley Community Bancorp and gave the company a “buy” rating in a research note on Thursday, January 4th. ValuEngine cut Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, BidaskClub cut Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Central Valley Community Bancorp presently has a consensus rating of “Buy” and an average target price of $24.00.
CVCY stock traded up $0.14 on Wednesday, reaching $20.80. The company had a trading volume of 8,388 shares, compared to its average volume of 34,693. Central Valley Community Bancorp has a 12-month low of $17.62 and a 12-month high of $23.94. The firm has a market cap of $284.38, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.81 and a beta of 0.07. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.02.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Central Valley Community Bancorp’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, February 7th. Central Valley Community Bancorp’s dividend payout ratio is presently 24.78%.
In other news, Director Daniel N. Cunningham sold 4,500 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $20.08, for a total transaction of $90,360.00. Following the sale, the director now owns 132,156 shares in the company, valued at $2,653,692.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel N. Cunningham sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $20.09, for a total value of $100,450.00. Following the completion of the transaction, the director now owns 132,156 shares in the company, valued at approximately $2,655,014.04. The disclosure for this sale can be found here. Corporate insiders own 19.70% of the company’s stock.
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About Central Valley Community Bancorp
Central Valley Community Bancorp 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. 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.
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