BlackRock Discloses 9.9% Stake in Central Valley Community Bancorp
Ticker: CWBC · Form: SC 13G · Filed: Feb 7, 2024 · CIK: 1127371
| Field | Detail |
|---|---|
| Company | Central Valley Community Bancorp (CWBC) |
| Form Type | SC 13G |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, bank-stock
TL;DR
**BlackRock just revealed a big 9.9% stake in Central Valley Community Bancorp, signaling institutional confidence.**
AI Summary
BlackRock, Inc. has filed an SC 13G indicating its ownership of 9.9% of the Common Stock of Central Valley Community Bancorp as of January 31, 2024. This filing, made on February 7, 2024, shows BlackRock holds 1,290,294 shares, making them a significant institutional shareholder. For investors, this signals a major asset manager's confidence in the regional bank, potentially indicating stability or growth prospects for the stock.
Why It Matters
This filing reveals a major institutional investor's significant stake, which can influence market perception and potentially provide a floor for the stock price.
Risk Assessment
Risk Level: low — The filing indicates a passive investment by a large institutional investor, which generally reduces immediate risk for existing shareholders.
Analyst Insight
A smart investor would view BlackRock's 9.9% stake as a vote of confidence, potentially signaling stability or future growth for Central Valley Community Bancorp, and might consider further research into the company's fundamentals.
Key Numbers
- 9.9% — Percentage of Class (BlackRock's ownership stake in Central Valley Community Bancorp)
- 1,290,294 — Shares Beneficially Owned (Total shares of Common Stock held by BlackRock)
Key Players & Entities
- BlackRock, Inc. (company) — reporting person and institutional investor
- Central Valley Community Bancorp (company) — subject company, issuer of the securities
- 1,290,294 (dollar_amount) — number of shares beneficially owned by BlackRock
- January 31, 2024 (date) — date of the event requiring the filing
- February 7, 2024 (date) — date the SC 13G filing was made
Forward-Looking Statements
- BlackRock will maintain its significant stake in Central Valley Community Bancorp. (BlackRock, Inc.) — medium confidence, target: Next 12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., as stated in the 'Names of reporting persons' section of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is CENTRAL VALLEY COMMUNITY BANCORP, as identified under 'Name of Issuer' in the filing.
What percentage of the class of securities does BlackRock, Inc. beneficially own?
BlackRock, Inc. beneficially owns 9.9% of the class of securities, as indicated in the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was January 31, 2024, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 7, 2024 regarding CENTRAL VALLEY COMMUNITY BANCORP (CWBC).