Equities analysts expect Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) to post earnings of $0.52 per share for the current quarter, according to Zacks. Three analysts have made estimates for Central Valley Community Bancorp’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.57. Central Valley Community Bancorp reported earnings of $0.60 per share during the same quarter last year, which would indicate a negative year over year growth rate of 13.3%. The firm is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Central Valley Community Bancorp will report full-year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.26. For the next year, analysts expect that the firm will post earnings of $2.29 per share, with EPS estimates ranging from $2.15 to $2.49. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Central Valley Community Bancorp.
Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) last posted its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Central Valley Community Bancorp had a net margin of 32.53% and a return on equity of 10.87%.
CVCY has been the subject of several research analyst reports. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, March 31st. StockNews.com raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th.
Shares of NASDAQ:CVCY traded down $0.44 during trading on Friday, reaching $21.00. The stock had a trading volume of 64,908 shares, compared to its average volume of 46,752. The business has a fifty day moving average price of $22.74 and a 200-day moving average price of $22.09. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. The stock has a market cap of $247.17 million, a P/E ratio of 9.46 and a beta of 0.67. Central Valley Community Bancorp has a fifty-two week low of $18.43 and a fifty-two week high of $23.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Friday, May 6th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 5th. This represents a $0.48 annualized dividend and a yield of 2.29%. Central Valley Community Bancorp’s dividend payout ratio is currently 21.62%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in Central Valley Community Bancorp by 44.4% during the third quarter. Barclays PLC now owns 1,747 shares of the financial services provider’s stock worth $38,000 after buying an additional 537 shares during the period. Wells Fargo & Company MN grew its stake in Central Valley Community Bancorp by 8.3% during the second quarter. Wells Fargo & Company MN now owns 17,986 shares of the financial services provider’s stock worth $362,000 after buying an additional 1,384 shares during the period. Royal Bank of Canada boosted its stake in shares of Central Valley Community Bancorp by 19.6% in the second quarter. Royal Bank of Canada now owns 9,059 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 1,482 shares during the period. Northern Trust Corp boosted its stake in shares of Central Valley Community Bancorp by 11.5% in the fourth quarter. Northern Trust Corp now owns 16,586 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,711 shares during the period. Finally, UBS Group AG purchased a new position in shares of Central Valley Community Bancorp in the third quarter valued at $45,000. Institutional investors own 48.28% of the company’s stock.
Central Valley Community Bancorp Company Profile (Get Rating)
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 demand, savings, and time deposits; certificates of deposit; and non-interest-bearing demand deposits, as well as provides NOW and money market accounts.
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