Daniel N. Cunningham Sells 5,000 Shares of Central Valley Community Bancorp (CVCY) Stock

Central Valley Community Bancorp (NASDAQ:CVCY) Director Daniel N. Cunningham sold 5,000 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $20.09, for a total transaction of $100,450.00. Following the completion of the sale, the director now directly owns 132,156 shares of the company’s stock, valued at approximately $2,655,014.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

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Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share 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 the consensus estimate of $17.85 million. Central Valley Community Bancorp had a net margin of 20.56% and a return on equity of 9.52%. research analysts forecast that Central Valley Community Bancorp will post 1.43 EPS for the current fiscal year.

CVCY has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Monday, January 1st. Sandler O’Neill set a $25.00 price objective on shares of Central Valley Community Bancorp and gave the company a “buy” rating in a research report on Thursday, January 4th. ValuEngine downgraded shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, BidaskClub downgraded shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and two have issued 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 institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC boosted its stake in Central Valley Community Bancorp by 10.4% during the 2nd quarter. Teachers Advisors LLC now owns 16,267 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 1,533 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Central Valley Community Bancorp by 8.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 25,925 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 2,045 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Central Valley Community Bancorp by 37.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,140 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 2,770 shares during the period. JPMorgan Chase & Co. boosted its stake in Central Valley Community Bancorp by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 128,922 shares of the financial services provider’s stock valued at $2,771,000 after purchasing an additional 4,221 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Central Valley Community Bancorp by 23.1% during the 3rd quarter. Wells Fargo & Company MN now owns 22,954 shares of the financial services provider’s stock valued at $511,000 after purchasing an additional 4,314 shares during the period. 43.13% of the stock is owned by hedge funds and other institutional investors.

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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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