Short Interest in Central Valley Community Bancorp (NASDAQ:CVCY) Increases By 31.2%

Central Valley Community Bancorp (NASDAQ:CVCY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 75,700 shares, a growth of 31.2% from the May 30th total of 57,700 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 3.9 days.

Large investors have recently bought and sold shares of the stock. Kennedy Capital Management Inc. raised its holdings in shares of Central Valley Community Bancorp by 379.7% in the first quarter. Kennedy Capital Management Inc. now owns 149,989 shares of the financial services provider’s stock worth $2,932,000 after buying an additional 118,724 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Central Valley Community Bancorp by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 332,983 shares of the financial services provider’s stock worth $6,283,000 after buying an additional 29,659 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Central Valley Community Bancorp by 3.3% in the fourth quarter. BlackRock Inc. now owns 586,274 shares of the financial services provider’s stock worth $11,063,000 after buying an additional 18,494 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Central Valley Community Bancorp in the fourth quarter worth $274,000. Finally, Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Central Valley Community Bancorp by 9.2% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 167,198 shares of the financial services provider’s stock worth $3,269,000 after buying an additional 14,077 shares during the last quarter. 46.94% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on CVCY shares. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James decreased their target price on shares of Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 10th. DA Davidson reissued a “neutral” rating on shares of Central Valley Community Bancorp in a research report on Monday, April 22nd. ValuEngine cut shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Central Valley Community Bancorp has a consensus rating of “Hold” and a consensus price target of $22.00.

NASDAQ:CVCY traded down $0.25 during midday trading on Friday, reaching $20.59. 18,354 shares of the stock traded hands, compared to its average volume of 22,199. Central Valley Community Bancorp has a 12-month low of $15.66 and a 12-month high of $22.00. The firm has a 50-day moving average price of $20.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $281.26 million, a PE ratio of 13.37, a PEG ratio of 1.66 and a beta of 0.34.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. Central Valley Community Bancorp had a net margin of 28.18% and a return on equity of 9.73%. The company had revenue of $18.81 million during the quarter, compared to analysts’ expectations of $18.27 million. Equities analysts forecast that Central Valley Community Bancorp will post 1.57 EPS for the current year.

Central Valley Community Bancorp Company Profile

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 deposit products, such as savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.

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