Institutional Investors Are Buying Central Valley Community Bancorp (NASDAQ:CVCY)

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24 June, 2017

Valley National Bancorp (VLY) traded with the volume of 2.02 Million shares while its average 3 months volume is at 1830 shares.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd.'s holdings in Valley National Bancorp were worth $763,000 as of its most recent SEC filing. The firm owned 1,347,100 shares of the financial services provider's stock after selling 241,300 shares during the period. Moreover, Northern Trust Corporation has 0% invested in Central Valley Community Bancorp (NASDAQ:CVCY) for 81,473 shares. Dimensional Fund Advisors LP raised its position in shares of Central Valley Community Bancorp by 99.3% in the fourth quarter. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.17. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating and issued a $13.00 price objective on shares of Valley National Bancorp in a report on Monday, April 3rd. The stock decreased 1.36% or $0.3 during the last trading session, reaching $21.78. Norges Bank acquired a new stake in Valley National Bancorp during the fourth quarter worth approximately $27,167,000. Alliancebernstein L.P. now owns 522,944 shares of the financial services provider's stock valued at $6,171,000 after buying an additional 132,790 shares during the period.

On the last trading day, Valley National Bancorp (VLY) lost -1.62% closing at the price of $11.57 while the previous close of VLY was $11.76. About 7,575 shares traded. The company has a market capitalization of $2.99 billion, a P/E ratio of 17.189 and a beta of 0.86. Manufacturers Life The has invested 0% in Central Valley Community Bancorp (NASDAQ:CVCY). Monitoring the stock price relative to moving averages as well as 52 week highs and lows may help with the evaluation of future stock performance.

Valley National Bancorp (NYSE:VLY) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Valley National Bancorp had a net margin of 20.07% and a return on equity of 8.08%. Revenue for the quarter also killed consensus, coming in at $187.59M, compared to the consensus of 185.44M.

Shares of the company have shown an EPS growth of -3.20% in the last 5 years. On average, equities research analysts anticipate that Valley National Bancorp will post $0.71 earnings per share for the current fiscal year. Investors of record on Thursday, June 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.80%.

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Several research analysts have recently weighed in on CVCY shares. Central Valley Community Bancorp had 3 analyst reports since April 21, 2016 according to SRatingsIntel. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Valley National Bancorp (VLY), we will discuss a few. Piper Jaffray raised its rating on Valley National Bancorp to Overweight on 03/02/2016 in a reversal from its prior Neutral rating. The stock of Valley National Bancorp (NYSE:VLY) earned "Sell" rating by Guggenheim on Tuesday, August 25.

Among 5 analysts covering Abeona Therapeutics (NASDAQ:ABEO), 5 have Buy rating, 0 Sell and 0 Hold. Zacks Investment Research upgraded Central Valley Community Bancorp from a "hold" rating to a "buy" rating and set a $24.00 price target for the company in a research note on Monday, April 24th. The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Bank conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate and consumer loans.


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