Extremely significant positive changes in Central Valley Community Bancorp (NASDAQ: CVCY) investment behavior have recently occurred: positive upside/downside volume developed, and its longer term price trend turned up.
Recent notable positive changes in fundamentals have benefitted Central Valley Community Bancorp (NASDAQ: CVCY): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CVCY is expected to continue to be a Value Builder.
Central Valley Community Bancorp has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Central Valley Community Bancorp has a slightly positive Appreciation Score of 61 and a good Power Rating of 78, triggering the Positive Value Trend Rating.
Recent Price Action
On 12/22/23, Central Valley Community Bancorp (NASDAQ: CVCY) stock declined slightly by -0.2%, closing at $22.12. Moreover, unusually high trading volume at 157% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 7.9% during the last week.
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