Brokerages Anticipate Central Valley Community Bancorp (CVCY) Will Post Earnings of $0.17 Per Share

Brokerages expect Central Valley Community Bancorp (NASDAQ:CVCY) to report earnings per share (EPS) of $0.17 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Central Valley Community Bancorp’s earnings, with estimates ranging from $0.09 to $0.24. Central Valley Community Bancorp posted earnings per share of $0.21 during the same quarter last year, which suggests a negative year over year growth rate of 19%. The business is scheduled to announce its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that Central Valley Community Bancorp will report full year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.18 to $1.35. For the next year, analysts forecast that the company will report earnings of $1.32 per share, with EPS estimates ranging from $1.28 to $1.36. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The firm had revenue of $16.13 million for the quarter, compared to analysts’ expectations of $16.60 million. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.41%.

Several research analysts have issued reports on CVCY shares. Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, October 20th. ValuEngine upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Finally, BidaskClub cut shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.

Central Valley Community Bancorp (NASDAQ CVCY) opened at $20.87 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.03. The company has a market cap of $278.01, a PE ratio of 15.51, a PEG ratio of 2.02 and a beta of 0.24. Central Valley Community Bancorp has a 1-year low of $16.85 and a 1-year high of $23.94.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, November 2nd. Central Valley Community Bancorp’s payout ratio is 18.18%.

A number of institutional investors have recently modified their holdings of the business. American International Group Inc. lifted its position in shares of Central Valley Community Bancorp by 7.0% during the first quarter. American International Group Inc. now owns 5,382 shares of the financial services provider’s stock valued at $110,000 after buying an additional 350 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Central Valley Community Bancorp by 136.6% during the second quarter. Systematic Financial Management LP now owns 8,400 shares of the financial services provider’s stock valued at $186,000 after buying an additional 4,850 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Central Valley Community Bancorp by 37.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,140 shares of the financial services provider’s stock valued at $225,000 after buying an additional 2,770 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Central Valley Community Bancorp during the second quarter valued at about $229,000. Finally, PDT Partners LLC purchased a new stake in shares of Central Valley Community Bancorp during the second quarter valued at about $279,000. Institutional investors own 40.73% of the company’s stock.

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Central Valley Community Bancorp Company Profile

Central Valley Community Bancorp is a bank holding company, which operates through its subsidiary, Central Valley Community Bank (the Bank). The Company’s principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It serves over seven contiguous counties in California’s central valley, including Fresno County, Madera County, Merced County, Sacramento County, San Joaquin County, Stanislaus County, and Tulare County, and surrounding areas through the Bank.

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

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