Brokerages Anticipate Central Valley Community Bancorp (CVCY) Will Announce Earnings of $0.40 Per Share

Analysts expect that Central Valley Community Bancorp (NASDAQ:CVCY) will post $0.40 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Central Valley Community Bancorp’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest 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 11.1%. The business is expected to issue its next quarterly earnings results on Wednesday, July 17th.

On average, analysts expect that Central Valley Community Bancorp will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.68. For the next fiscal year, analysts forecast that the business will report earnings of $1.69 per share, with EPS estimates ranging from $1.67 to $1.73. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $18.81 million during the quarter, compared to the consensus estimate of $18.27 million. Central Valley Community Bancorp had a return on equity of 9.99% and a net margin of 28.57%.

A number of research analysts have issued reports on CVCY shares. BidaskClub downgraded Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. 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 price target for the company.

NASDAQ:CVCY traded down $0.12 during trading on Friday, reaching $19.63. The company’s stock had a trading volume of 24,686 shares, compared to its average volume of 14,933. The company has a market capitalization of $268.93 million, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.55 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.74 and a quick ratio of 0.74. Central Valley Community Bancorp has a 12 month low of $15.66 and a 12 month high of $22.34.

The company also recently declared 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. This is an increase from Central Valley Community Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, May 2nd. This represents a $0.44 annualized dividend and a dividend yield of 2.24%. Central Valley Community Bancorp’s dividend payout ratio is presently 25.97%.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of Central Valley Community Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 449,985 shares of the financial services provider’s stock worth $9,725,000 after acquiring an additional 7,519 shares during the period. Rhumbline Advisers grew its stake in shares of Central Valley Community Bancorp by 45.1% during the 4th quarter. Rhumbline Advisers now owns 16,135 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 5,017 shares during the period. Menta Capital LLC grew its stake in shares of Central Valley Community Bancorp by 27.7% during the 4th quarter. Menta Capital LLC now owns 27,667 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 6,009 shares during the period. Vanguard Group Inc. grew its stake in shares of Central Valley Community Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 449,985 shares of the financial services provider’s stock worth $9,725,000 after acquiring an additional 7,519 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Central Valley Community Bancorp by 26.1% during the 4th quarter. Acadian Asset Management LLC now owns 17,389 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 3,596 shares during the period. Institutional investors own 46.82% of the company’s stock.

About Central Valley Community Bancorp

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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