Should You Buy Central Valley Community Bancorp (CVCY) Stock on Thursday?

Thursday, October 20, 2022 02:38 PM | InvestorsObserver Analysts

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Should You Buy Central Valley Community Bancorp (CVCY) Stock on Thursday?

Overall market sentiment has been down on Central Valley Community Bancorp (CVCY) stock lately. CVCY receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Central Valley Community Bancorp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CVCY!

See Full CVCY Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CVCY Stock Today?

Central Valley Community Bancorp (CVCY) stock is up 2.52% while the S&P 500 has fallen -0.91% as of 2:37 PM on Thursday, Oct 20. CVCY is higher by $0.45 from the previous closing price of $17.85 on volume of 22,229 shares. Over the past year the S&P 500 is down -18.99% while CVCY has fallen -12.61%. CVCY earned $2.18 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.38.

More About Central Valley Community Bancorp

Central Valley Community Bancorp offers a full range of commercial banking services to small and medium size businesses, their owners, managers, and employees in the central valley area of California. It conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate, and consumer loans. The company also provides domestic and international wire transfer services and provides safe deposit boxes and other customary banking services. It is also engaged in internet banking which consists of inquiry, account status, bill paying, account transfers, and cash management. Click Here to get the full Stock Report for Central Valley Community Bancorp stock.