Central Valley Community Bancorp (NASDAQ:CVCY) Expected to Post Earnings of $0.37 Per Share

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Analysts expect Central Valley Community Bancorp (NASDAQ:CVCY) to post earnings per share of $0.37 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Central Valley Community Bancorp’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.36. Central Valley Community Bancorp reported earnings of $0.42 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 11.9%. The firm is scheduled to issue its next earnings report on Wednesday, October 16th.

According to Zacks, analysts expect that Central Valley Community Bancorp will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.56 to $1.59. For the next year, analysts anticipate that the company will post earnings of $1.62 per share, with EPS estimates ranging from $1.58 to $1.65. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. Central Valley Community Bancorp had a return on equity of 10.01% and a net margin of 28.57%. The firm had revenue of $20.54 million for the quarter, compared to analyst estimates of $18.33 million.

Several research analysts have weighed in on CVCY shares. ValuEngine raised Central Valley Community Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. BidaskClub lowered Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Investment Research raised Central Valley Community Bancorp from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $23.00.

CVCY stock traded down $0.73 during mid-day trading on Tuesday, hitting $19.11. The stock had a trading volume of 13,974 shares, compared to its average volume of 18,553. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.02. Central Valley Community Bancorp has a 1-year low of $15.66 and a 1-year high of $21.89. The company has a fifty day moving average of $20.37 and a 200 day moving average of $20.06. The stock has a market capitalization of $255.50 million, a price-to-earnings ratio of 12.41, a PEG ratio of 1.51 and a beta of 0.32.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, August 1st. Central Valley Community Bancorp’s dividend payout ratio is 28.57%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new position in Central Valley Community Bancorp during the second quarter worth about $42,000. BNP Paribas Arbitrage SA lifted its position in Central Valley Community Bancorp by 553.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,412 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,043 shares during the last quarter. Bank of America Corp DE lifted its position in Central Valley Community Bancorp by 56.5% during the fourth quarter. Bank of America Corp DE now owns 8,529 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 3,079 shares during the last quarter. Strs Ohio lifted its position in Central Valley Community Bancorp by 6.8% during the first quarter. Strs Ohio now owns 14,100 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 900 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Central Valley Community Bancorp by 29.8% during the first quarter. Acadian Asset Management LLC now owns 22,577 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 5,188 shares during the last quarter. 47.77% of the stock is currently owned by institutional investors and hedge funds.

Central Valley Community Bancorp Company Profile

Central Valley Community Bancorp operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in the central valley area of California. The company accepts deposit products, such as savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.

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Earnings History and Estimates for Central Valley Community Bancorp (NASDAQ:CVCY)

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