Analysts expect that Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) will announce $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Central Valley Community Bancorp’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.57. Central Valley Community Bancorp posted earnings per share of $0.60 in the same quarter last year, which indicates a negative year-over-year growth rate of 13.3%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Central Valley Community Bancorp will report full-year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.01 to $2.26. For the next financial year, analysts expect that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $2.15 to $2.49. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Central Valley Community Bancorp.
Central Valley Community Bancorp (NASDAQ:CVCY – Get Rating) last issued its earnings results on Wednesday, April 20th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Central Valley Community Bancorp had a return on equity of 11.53% and a net margin of 32.53%.
Shares of NASDAQ CVCY opened at $17.19 on Friday. The business’s 50-day moving average price is $21.44 and its two-hundred day moving average price is $21.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.52 and a quick ratio of 0.52. Central Valley Community Bancorp has a one year low of $16.70 and a one year high of $23.99. The company has a market capitalization of $200.44 million, a P/E ratio of 7.74 and a beta of 0.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Friday, May 6th will be given 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 2.79%. Central Valley Community Bancorp’s dividend payout ratio is currently 21.62%.
In other Central Valley Community Bancorp news, EVP Patrick A. Luis acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was acquired at an average price of $18.38 per share, with a total value of $27,570.00. Following the transaction, the executive vice president now owns 14,608 shares of the company’s stock, valued at $268,495.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 5,936 shares of company stock valued at $115,391 in the last ninety days. Insiders own 15.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CVCY. Royal Bank of Canada raised its holdings in Central Valley Community Bancorp by 19.6% in the 2nd quarter. Royal Bank of Canada now owns 9,059 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 1,482 shares in the last quarter. Citadel Advisors LLC acquired a new position in Central Valley Community Bancorp in the 2nd quarter valued at approximately $333,000. Wells Fargo & Company MN raised its holdings in Central Valley Community Bancorp by 8.3% in the 2nd quarter. Wells Fargo & Company MN now owns 17,986 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 1,384 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Central Valley Community Bancorp by 26.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 11,415 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Barclays PLC raised its holdings in Central Valley Community Bancorp by 44.4% in the 3rd quarter. Barclays PLC now owns 1,747 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 537 shares in the last quarter. 48.93% of the stock is owned by institutional investors and hedge funds.
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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