Wall Street analysts expect Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) to report $20.13 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Central Valley Community Bancorp’s earnings. The highest sales estimate is $20.70 million and the lowest is $19.80 million. Central Valley Community Bancorp reported sales of $20.16 million in the same quarter last year, which suggests a negative year over year growth rate of 0.1%. The firm is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Central Valley Community Bancorp will report full-year sales of $81.71 million for the current fiscal year, with estimates ranging from $80.10 million to $84.32 million. For the next financial year, analysts anticipate that the business will report sales of $88.70 million, with estimates ranging from $86.30 million to $92.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Central Valley Community Bancorp.
Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) last issued its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. Central Valley Community Bancorp had a return on equity of 10.87% and a net margin of 32.53%.
Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Central Valley Community Bancorp by 44.4% in the third quarter. Barclays PLC now owns 1,747 shares of the financial services provider’s stock worth $38,000 after buying an additional 537 shares during the period. UBS Group AG bought a new position in shares of Central Valley Community Bancorp during the third quarter valued at about $45,000. Royal Bank of Canada boosted its holdings in shares of Central Valley Community Bancorp by 19.6% during the second quarter. Royal Bank of Canada now owns 9,059 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,482 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Central Valley Community Bancorp by 26.6% in the third quarter. Russell Investments Group Ltd. now owns 11,415 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Central Valley Community Bancorp during the 2nd quarter valued at about $333,000. 48.28% of the stock is owned by hedge funds and other institutional investors.
Shares of CVCY opened at $20.59 on Tuesday. Central Valley Community Bancorp has a 1-year low of $18.43 and a 1-year high of $23.99. The company has a market capitalization of $242.34 million, a P/E ratio of 9.27 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The firm’s 50 day simple moving average is $22.69 and its 200 day simple moving average is $22.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, May 6th will be issued a $0.12 dividend. The ex-dividend date is Thursday, May 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.33%. Central Valley Community Bancorp’s payout ratio is 21.62%.
About Central Valley Community Bancorp (Get Rating)
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 demand, savings, and time deposits; certificates of deposit; and non-interest-bearing demand deposits, as well as provides NOW and money market accounts.
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