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Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:36 EDTCVCYCentral Valley Community Bancorp to acquire Visilia Community Bank for $22.1M
Central Valley Community Bancorp and Visalia Community Bank jointly announced that a definitive merger agreement has been signed by both parties. Under the terms of the agreement, Visalia Community Bank, with four branches in Visalia and one branch in Exeter, will merge with Central Valley Community Bancorp's subsidiary, Central Valley Community Bank. The Central Valley Community Bancorp and Visalia Community Bank boards have unanimously approved the transaction, which is expected to close in 2Q13. The transaction is initially valued at approximately $22.1M or $52.00 per share to Visalia Community Bank shareholders. The purchase price is to be paid half in cash and half in Central Valley Community Bancorp common stock. Based on a value of $8.75 per share of Central Valley Community Bancorp common stock, using the 30-day volume weighted average trading price at the time when the principal terms of the agreement were being established, in the aggregate approximately 1.26M shares of Central Valley Community Bancorp common stock would be issued and $11.05M would be paid in cash. As a result, Visalia Community Bank shareholders would be entitled to receive approximately $26.00 and 2.97 shares of Central Valley Community Bancorp common stock per share.
News For CVCY From The Last 14 Days
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April 23, 2014
10:01 EDTCVCYOn The Fly: Analyst Initiation Summary
ANSYS (ANSS) initiated with an Outperform at William Blair... AuRico Gold (AUQ) reinstated with an Outperform at Credit Suisse... Ball Corp. (BLL) initiated with a Neutral at JPMorgan... Central Valley Community Bancorp (CVCY) initiated with an Outperform at Fig Partners... Crown Holdings (CCK) initiated with an Overweight at JPMorgan... EQT Midstream Partners (EQM) initiated with a Strong Buy at ISI Group... First Cash Financial (FCFS) initiated with an Overweight at HSBC... Galmed (GLMD) initiated with a Buy at Maxim... Harman (HAR) initiated with an Outperform at RBC Capital... Interval Leisure (IILG) initiated with an Outperform at Imperial Capital... Kroger (KR) initiated with a Market Perform at Wells Fargo... Manulife Financial (MFC) initiated with a Buy at UBS... ONEOK Partners (OKS) initiated with a Neutral at ISI Group... Occidental Petroleum (OXY) initiated with a Neutral at Global Hunter... Owens-Illinois (OI) initiated with a Neutral at JPMorgan... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sun Life Financial (SLF) initiated with a Buy at UBS... Sysorex Global (SYRX) initiated with a Buy at Dougherty... TPG Specialty Lending (TSLX) initiated with a Neutral at Citigroup... UGI Corporation (UGI) initiated with an Equalweight at Barclays... WhiteWave Foods (WWAV) initiated with a Buy at Deutsche Bank... Williams Partners (WPZ) initiated with a Buy at ISI Group.
06:37 EDTCVCYCentral Valley Community Bancorp initiated with an Outperform at Fig Partners
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April 16, 2014
16:13 EDTCVCYCentral Valley Community Bancorp reports Q1 EPS 24c, two estimates 19c

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