Central Valley Community Bancorp (CVCY) Expected to Announce Earnings of $0.38 Per Share

Equities analysts predict that Central Valley Community Bancorp (NASDAQ:CVCY) will report $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Central Valley Community Bancorp’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.39. Central Valley Community Bancorp posted earnings of $0.36 per share during the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The firm is scheduled to report its next earnings report on Wednesday, July 17th.

On average, analysts expect that Central Valley Community Bancorp will report full year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.62. For the next financial year, analysts forecast that the company will post earnings of $1.67 per share, with EPS estimates ranging from $1.60 to $1.73. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The company had revenue of $18.81 million for the quarter, compared to analyst estimates of $18.27 million. Central Valley Community Bancorp had a return on equity of 9.88% and a net margin of 28.18%.

CVCY has been the topic of a number of recent research reports. Raymond James initiated coverage on Central Valley Community Bancorp in a research note on Wednesday, April 10th. They set an “outperform” rating and a $22.00 target price on the stock. BidaskClub lowered Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. ValuEngine lowered Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, DA Davidson reiterated a “neutral” rating on shares of Central Valley Community Bancorp in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Central Valley Community Bancorp presently has a consensus rating of “Hold” and a consensus price target of $23.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in Central Valley Community Bancorp by 553.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,412 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,043 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in Central Valley Community Bancorp during the 4th quarter worth $80,000. MetLife Investment Advisors LLC bought a new position in Central Valley Community Bancorp during the 4th quarter worth $110,000. Bank of America Corp DE increased its stake in Central Valley Community Bancorp by 56.5% during the 4th quarter. Bank of America Corp DE now owns 8,529 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 3,079 shares during the period. Finally, First Trust Advisors LP bought a new position in Central Valley Community Bancorp during the 4th quarter worth $274,000. Institutional investors own 46.80% of the company’s stock.

Shares of NASDAQ CVCY opened at $19.77 on Friday. The company has a market cap of $273.93 million, a PE ratio of 12.84, a PEG ratio of 1.59 and a beta of 0.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.74 and a current ratio of 0.74. Central Valley Community Bancorp has a 1-year low of $15.66 and a 1-year high of $22.34.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Central Valley Community Bancorp’s previous quarterly dividend of $0.10. Central Valley Community Bancorp’s dividend payout ratio (DPR) is 28.57%.

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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