Worth Watching: What’s Ahead for Central Valley Community Bancorp After Touching 52-Week High?

Worth Watching: What's Ahead for Central Valley Community Bancorp After Touching 52 Week High?

The stock of Central Valley Community Bancorp (NASDAQ:CVCY) hit a new 52-week high and has $44.26 target or 157.00% above today’s $17.22 share price. The 6 months bullish chart indicates low risk for the $225.34 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $44.26 price target is reached, the company will be worth $353.78M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 29,131 shares traded hands. Central Valley Community Bancorp (NASDAQ:CVCY) has risen 53.41% since April 15, 2016 and is uptrending. It has outperformed by 48.78% the S&P500.

Central Valley Community Bancorp (NASDAQ:CVCY) Ratings Coverage

Out of 2 analysts covering Central Valley Community Bancorp (NASDAQ:CVCY), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Central Valley Community Bancorp has been the topic of 3 analyst reports since April 21, 2016 according to StockzIntelligence Inc. Wood downgraded the shares of CVCY in a report on Friday, July 22 to “Market Perform” rating. The firm earned “Market Perform” rating on Friday, July 22 by Keefe Bruyette & Woods. Wood upgraded the stock to “Outperform” rating in Thursday, April 21 report.

According to Zacks Investment Research, “Central Valley Community Bank is the sole subsidiary of Central Valley Community Bancorp. The Bank operates full-service offices in Clovis, Fresno, Prather, Kerman and Sacramento, plus Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are also provided by Investment Centers of America.”

Insitutional Activity: The institutional sentiment increased to 4 in 2016 Q2. Its up 2.44, from 1.56 in 2016Q1. The ratio increased, as 3 funds sold all Central Valley Community Bancorp shares owned while 7 reduced positions. 31 funds bought stakes while 9 increased positions. They now own 8.44 million shares or 126.25% more from 3.73 million shares in 2016Q1.
Teachers Advisors has 13,469 shares for 0% of their US portfolio. Natl Bank Of America Corporation De last reported 0% of its portfolio in the stock. Acadian Asset Mngmt Llc has invested 0% of its portfolio in Central Valley Community Bancorp (NASDAQ:CVCY). Moreover, American Intll Group Incorporated has 0% invested in Central Valley Community Bancorp (NASDAQ:CVCY) for 5,039 shares. North Star Inv Mgmt has 200 shares for 0% of their US portfolio. Federated Pa reported 174 shares or 0% of all its holdings. Banc Funds Limited Liability has invested 0.75% of its portfolio in Central Valley Community Bancorp (NASDAQ:CVCY). Nationwide Fund Advisors, a Pennsylvania-based fund reported 15,403 shares. Basswood Capital Management Ltd Liability Com, a New York-based fund reported 726,971 shares. Blackrock Advisors Limited Liability holds 2,325 shares or 0% of its portfolio. Mufg Americas Hldg Corporation last reported 0% of its portfolio in the stock. Eagle Glob Advisors Lc accumulated 15,900 shares or 0.01% of the stock. The Illinois-based Northern Trust Corp has invested 0% in Central Valley Community Bancorp (NASDAQ:CVCY). Dimensional Fund Advsrs L P reported 14,600 shares or 0% of all its holdings. Manufacturers Life Insurance Co The holds 0% of its portfolio in Central Valley Community Bancorp (NASDAQ:CVCY) for 5,307 shares.

Insider Transactions: Since June 10, 2016, the stock had 1 buying transaction, and 1 sale for $17,484 net activity. 1,000 shares were bought by Ford James M, worth $12,940 on Friday, June 10. 2,000 Central Valley Community Bancorp (NASDAQ:CVCY) shares with value of $30,424 were sold by WEIRICK JOSEPH B.

More recent Central Valley Community Bancorp (NASDAQ:CVCY) news were published by: Marketwatch.com which released: “Central Valley Community Bancorp Receives Sierra Vista Bank Shareholder …” on September 02, 2016. Also Reuters.com published the news titled: “BRIEF-Central Valley Community Bancorp Q3 earnings per share $0.28” on April 26, 2013. Streetinsider.com‘s news article titled: “Central Valley Community (CVCY) to Acquire Sierra Vista Bank in ~$24M Deal” with publication date: April 29, 2016 was also an interesting one.

CVCY Company Profile

Central Valley Community Bancorp, incorporated on February 7, 2000, 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. The Firm 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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