Daniel N. Cunningham Sells 4,500 Shares of Central Valley Community Bancorp (NASDAQ:CVCY) Stock

Central Valley Community Bancorp (NASDAQ:CVCY) 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 value of $90,360.00. Following the completion of the transaction, 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 SEC, which can be accessed through this link.

Shares of CVCY traded down $0.13 during trading hours on Friday, reaching $19.84. The stock had a trading volume of 16,984 shares, compared to its average volume of 32,247. The stock has a market cap of $265.95, a P/E ratio of 14.38, a P/E/G ratio of 1.70 and a beta of 0.08. Central Valley Community Bancorp has a 12 month low of $17.62 and a 12 month high of $23.94. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.02.

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Central Valley Community Bancorp (NASDAQ:CVCY) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. The business had revenue of $17.51 million during the quarter, compared to analyst estimates of $17.85 million. Central Valley Community Bancorp had a return on equity of 9.52% and a net margin of 20.56%. analysts expect that Central Valley Community Bancorp will post 1.43 EPS for the current year.

A number of equities analysts recently issued reports on the company. ValuEngine cut Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Monday. Sandler O’Neill set a $24.00 target price on Central Valley Community Bancorp and gave the stock a “buy” rating in a report on Thursday, March 29th. BidaskClub upgraded Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Finally, Zacks Investment Research cut Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVCY. Basswood Capital Management L.L.C. purchased a new stake in Central Valley Community Bancorp in the 4th quarter valued at $2,894,000. Kennedy Capital Management Inc. raised its position in Central Valley Community Bancorp by 26.1% in the 4th quarter. Kennedy Capital Management Inc. now owns 278,753 shares of the financial services provider’s stock valued at $5,625,000 after buying an additional 57,772 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Central Valley Community Bancorp in the 4th quarter valued at $895,000. Dimensional Fund Advisors LP raised its position in Central Valley Community Bancorp by 25.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 176,583 shares of the financial services provider’s stock valued at $3,938,000 after buying an additional 36,138 shares during the last quarter. Finally, Ford Financial Group Inc. purchased a new stake in Central Valley Community Bancorp in the 4th quarter valued at $403,000. 43.13% of the stock is owned by institutional investors and hedge funds.

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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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