Brokerages Anticipate Central Valley Community Bancorp (NASDAQ:CVCY) to Post $0.38 Earnings Per Share

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Wall Street analysts expect Central Valley Community Bancorp (NASDAQ:CVCY) to report earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks reports. Three analysts have provided 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 per share of $0.36 in the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 17th.

According to Zacks, analysts expect that Central Valley Community Bancorp will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.50 to $1.62. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.60 to $1.73. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. Central Valley Community Bancorp had a net margin of 28.18% and a return on equity of 9.73%. The firm had revenue of $18.81 million during the quarter, compared to the consensus estimate of $18.27 million.

A number of research firms have recently commented on CVCY. ValuEngine raised shares of Central Valley Community Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 29th. BidaskClub raised shares of Central Valley Community Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, April 25th. Raymond James began coverage on shares of Central Valley Community Bancorp in a report on Wednesday, April 10th. They set an “outperform” rating and a $22.00 price objective for the company. Zacks Investment Research downgraded shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 11th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Central Valley Community Bancorp in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.00.

Central Valley Community Bancorp stock traded up $0.10 during mid-day trading on Thursday, reaching $20.20. The company had a trading volume of 195 shares, compared to its average volume of 15,951. The stock’s 50 day simple moving average is $19.91. The stock has a market cap of $270.56 million, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.57 and a beta of 0.31. Central Valley Community Bancorp has a 52 week low of $15.66 and a 52 week high of $22.15. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.02.

Several institutional investors have recently made changes to their positions in CVCY. Kennedy Capital Management Inc. increased its position in shares of Central Valley Community Bancorp by 379.7% during the 1st quarter. Kennedy Capital Management Inc. now owns 149,989 shares of the financial services provider’s stock worth $2,932,000 after purchasing an additional 118,724 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Central Valley Community Bancorp by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 332,983 shares of the financial services provider’s stock worth $6,283,000 after purchasing an additional 29,659 shares in the last quarter. BlackRock Inc. increased its position in shares of Central Valley Community Bancorp by 3.3% during the 4th quarter. BlackRock Inc. now owns 586,274 shares of the financial services provider’s stock worth $11,063,000 after purchasing an additional 18,494 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Central Valley Community Bancorp during the 4th quarter worth about $274,000. Finally, Dalton Greiner Hartman Maher & Co. increased its position in shares of Central Valley Community Bancorp by 9.2% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 167,198 shares of the financial services provider’s stock worth $3,269,000 after purchasing an additional 14,077 shares in the last quarter. Institutional investors and hedge funds own 46.94% 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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