Central Valley Community Bancorp (NASDAQ:CVCY – Get Free Report) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 131,900 shares, a drop of 14.0% from the November 15th total of 153,400 shares. Based on an average trading volume of 19,400 shares, the short-interest ratio is currently 6.8 days. Approximately 1.3% of the shares of the stock are sold short.

Central Valley Community Bancorp Price Performance

Shares of CVCY traded up $0.10 during trading hours on Friday, hitting $20.60. 158,513 shares of the company were exchanged, compared to its average volume of 36,036. Central Valley Community Bancorp has a one year low of $12.59 and a one year high of $25.99. The company has a market capitalization of $243.29 million, a PE ratio of 8.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a fifty day simple moving average of $16.99 and a 200-day simple moving average of $15.88.

Central Valley Community Bancorp (NASDAQ:CVCY – Get Free Report) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $22.11 million for the quarter, compared to the consensus estimate of $21.98 million. Central Valley Community Bancorp had a return on equity of 15.03% and a net margin of 25.88%. As a group, sell-side analysts predict that Central Valley Community Bancorp will post 2.19 earnings per share for the current year.

Central Valley Community Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, November 2nd. Central Valley Community Bancorp’s dividend payout ratio is currently 20.69%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CVCY. Trexquant Investment LP acquired a new stake in Central Valley Community Bancorp during the second quarter valued at $319,000. Perennial Investment Advisors LLC bought a new stake in shares of Central Valley Community Bancorp in the 1st quarter valued at approximately $374,000. Pinnacle Holdings LLC increased its holdings in Central Valley Community Bancorp by 12.6% in the first quarter. Pinnacle Holdings LLC now owns 22,156 shares of the financial services provider’s stock worth $456,000 after buying an additional 2,485 shares during the last quarter. American International Group Inc. bought a new position in Central Valley Community Bancorp during the second quarter valued at approximately $74,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Central Valley Community Bancorp by 8.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 158,660 shares of the financial services provider’s stock valued at $2,451,000 after acquiring an additional 12,400 shares during the last quarter. Institutional investors and hedge funds own 50.56% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CVCY. Piper Sandler boosted their target price on Central Valley Community Bancorp from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods upped their price objective on Central Valley Community Bancorp from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday, October 17th. Janney Montgomery Scott raised Central Valley Community Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.00 to $20.00 in a research note on Thursday, October 12th. StockNews.com assumed coverage on shares of Central Valley Community Bancorp in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, TheStreet raised shares of Central Valley Community Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

View Our Latest Analysis on CVCY

Central Valley Community Bancorp Company Profile (Get Free Report)

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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Original: MarketBeat News Feed: Central Valley Community Bancorp (NASDAQ:CVCY) Short Interest Update