Central Valley Community Bancorp (CVCY) Shares Sold by Private Management Group Inc.

Private Management Group Inc. reduced its stake in Central Valley Community Bancorp (NASDAQ:CVCY) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,268 shares of the financial services provider’s stock after selling 15,727 shares during the period. Private Management Group Inc. owned 4.57% of Central Valley Community Bancorp worth $13,743,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CVCY. Bank of New York Mellon Corp grew its stake in Central Valley Community Bancorp by 32.8% in the 1st quarter. Bank of New York Mellon Corp now owns 55,127 shares of the financial services provider’s stock worth $1,130,000 after acquiring an additional 13,631 shares in the last quarter. American International Group Inc. grew its stake in Central Valley Community Bancorp by 7.0% in the 1st quarter. American International Group Inc. now owns 5,382 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 350 shares in the last quarter. FMR LLC grew its stake in Central Valley Community Bancorp by 17.5% in the 1st quarter. FMR LLC now owns 82,227 shares of the financial services provider’s stock worth $1,686,000 after acquiring an additional 12,227 shares in the last quarter. Vanguard Group Inc. grew its stake in Central Valley Community Bancorp by 33.4% in the 1st quarter. Vanguard Group Inc. now owns 378,232 shares of the financial services provider’s stock worth $7,754,000 after acquiring an additional 94,609 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Central Valley Community Bancorp by 47.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 116,426 shares of the financial services provider’s stock worth $2,387,000 after acquiring an additional 37,328 shares in the last quarter. Institutional investors and hedge funds own 39.13% of the company’s stock.

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A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Friday, October 20th. Finally, FIG Partners reiterated a “market perform” rating and set a $24.00 price objective (up from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd.

In other news, Director Daniel J. Doyle sold 6,600 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $19.56, for a total transaction of $129,096.00. Following the transaction, the director now directly owns 79,000 shares in the company, valued at $1,545,240. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 21.57% of the stock is currently owned by company insiders.

Central Valley Community Bancorp (CVCY) traded down $0.26 during midday trading on Thursday, hitting $19.72. 30,200 shares of the stock were exchanged, compared to its average volume of 40,595. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.03. Central Valley Community Bancorp has a 1 year low of $16.04 and a 1 year high of $23.94. The company has a market capitalization of $271.35, a P/E ratio of 15.14, a PEG ratio of 1.97 and a beta of 0.25.

Central Valley Community Bancorp (NASDAQ:CVCY) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.41%. The firm had revenue of $16.13 million for the quarter, compared to the consensus estimate of $16.60 million. equities research analysts expect that Central Valley Community Bancorp will post 1.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.22%. Central Valley Community Bancorp’s dividend payout ratio is presently 18.18%.

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.

Institutional Ownership by Quarter for Central Valley Community Bancorp (NASDAQ:CVCY)

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