Central Valley Community Bancorp (NASDAQ:CVCY) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 27, 2016
Zacks Investment Research has downgraded Central Valley Community Bancorp (NASDAQ:CVCY) to Hold in a statement released on 9/27/2016.
Boasting a price of $15.85, Central Valley Community Bancorp (NASDAQ:CVCY) traded -2.46% lower on the day. With the last stock price close up 16.18% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Central Valley Community Bancorp has recorded a 50-day average of $15.38 and a two hundred day average of $13.64. Volume of trade was down over the average, with 23,992 shares of CVCY changing hands under the typical 41,859
With a total market value of $0, Central Valley Community Bancorp has price-earnings ratio of 11.66 with a one year low of $9.45 and a one year high of $16.42 .
A total of 4 equity analysts have released a research note on CVCY. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $12.44.
Brief Synopsis About Central Valley Community Bancorp (NASDAQ:CVCY)
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. The Bank conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate and consumer loans. It provides domestic and international wire transfer services and provides safe deposit boxes and other customary banking services. It operates over 20 full-service banking offices in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy and Visalia.
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