$0.30 Earnings Per Share Expected for Central Valley Community Bancorp (CVCY) This Quarter

Equities research analysts forecast that Central Valley Community Bancorp (NASDAQ:CVCY) will report $0.30 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Central Valley Community Bancorp’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.33. Central Valley Community Bancorp reported earnings per share of $0.35 in the same quarter last year, which suggests a negative year over year growth rate of 14.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, April 18th.

According to Zacks, analysts expect that Central Valley Community Bancorp will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.40 to $1.45. For the next year, analysts anticipate that the business will post earnings of $1.69 per share, with EPS estimates ranging from $1.62 to $1.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Central Valley Community Bancorp had a net margin of 20.56% and a return on equity of 9.97%. The business had revenue of $17.51 million during the quarter, compared to analysts’ expectations of $17.85 million.

CVCY has been the subject of several research reports. Sandler O’Neill set a $25.00 price objective on shares of Central Valley Community Bancorp and gave the company a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, October 20th. Finally, BidaskClub cut shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Central Valley Community Bancorp has a consensus rating of “Buy” and a consensus target price of $24.00.

Shares of Central Valley Community Bancorp (CVCY) traded up $0.10 during midday trading on Thursday, reaching $19.49. 32,589 shares of the company traded hands, compared to its average volume of 38,349. Central Valley Community Bancorp has a one year low of $17.62 and a one year high of $23.94. The stock has a market cap of $263.75, a PE ratio of 17.16, a PEG ratio of 1.70 and a beta of 0.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, February 7th. This is a boost from Central Valley Community Bancorp’s previous quarterly dividend of $0.06. Central Valley Community Bancorp’s dividend payout ratio is currently 21.24%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Central Valley Community Bancorp by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 393,127 shares of the financial services provider’s stock valued at $8,711,000 after acquiring an additional 14,895 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Central Valley Community Bancorp by 20.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 124,701 shares of the financial services provider’s stock valued at $2,764,000 after acquiring an additional 20,975 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Central Valley Community Bancorp by 20.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 140,445 shares of the financial services provider’s stock valued at $3,112,000 after acquiring an additional 24,019 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Central Valley Community Bancorp during the 2nd quarter valued at about $290,000. Finally, FMR LLC boosted its holdings in Central Valley Community Bancorp by 257.1% in the 2nd quarter. FMR LLC now owns 293,623 shares of the financial services provider’s stock valued at $6,507,000 after purchasing an additional 211,396 shares during the last quarter. 40.78% of the stock is owned by institutional investors.

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About Central Valley Community Bancorp

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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