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$0.52 per share earnings expected for Central Valley Community Bancorp (NASDAQ:CVCY) this quarter


Stock analysts expect Central Valley Community Bancorp (NASDAQ: CVCYGet a rating) to post earnings of $0.52 per share for the current quarter, according to Zacks. Three analysts have made earnings estimates for Central Valley Community Bancorp. The lowest EPS estimate is $0.49 and the highest is $0.57. Central Valley Community Bancorp reported earnings of $0.60 per share in the same quarter last year, which would indicate a negative 13.3% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.

According to Zacks, analysts expect Central Valley Community Bancorp to report annual earnings of $2.11 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.26. For next year, analysts expect the company to post earnings of $2.29 per share, with EPS estimates ranging from $2.15 to $2.49. Zacks Investment Research average earnings per share is an average average based on a survey of sales analysts who cover Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ: CVCYGet a rating) last released its quarterly earnings data on Wednesday, April 20. The financial services provider reported earnings per share of $0.51 for the quarter, beating consensus analyst estimates of $0.45 by $0.06. Central Valley Community Bancorp had a net margin of 32.53% and a return on equity of 10.87%.

CVCY has been the subject of several research analyst reports. Zacks Investment Research moved shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a price target of $26.00 for the company in a Thursday, March 31 research report. StockNews.com moved shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a Tuesday, April 12 research report.

Shares of NASDAQ: CVCY traded down $0.44 during Friday’s trading, hitting $21.00. The stock recorded trading volume of 64,908 shares, compared to an average trading volume of 46,752 shares. The company has a fifty-day moving average price of $22.74 and a 200-day moving average price of $22.09. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt ratio of 0.16. The stock has a market capitalization of $247.17 million, a P/E ratio of 9.46 and a beta of 0.67. Central Valley Community Bancorp has a fifty-two week low of $18.43 and a fifty-two week high of $23.99.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 20. Shareholders of record on Friday, May 6 will receive a dividend of $0.12 per share. The ex-dividend date is Thursday, May 5. This represents an annualized dividend of $0.48 and a yield of 2.29%. Central Valley Community Bancorp’s dividend payout ratio is currently 21.62%.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Barclays PLC increased its stake in Central Valley Community Bancorp by 44.4% during the third quarter. Barclays PLC now owns 1,747 shares of the financial services provider worth $38,000 after buying an additional 537 shares during the period. Wells Fargo & Company MN increased its stake in Central Valley Community Bancorp by 8.3% during the second quarter. Wells Fargo & Company MN now owns 17,986 shares of the financial services provider worth $362,000 after purchasing an additional 1,384 shares during the period. Royal Bank of Canada increased its stake in shares of Central Valley Community Bancorp by 19.6% in the second quarter. Royal Bank of Canada now owns 9,059 shares of the financial services provider valued at $183,000 after purchasing an additional 1,482 shares during the period. Northern Trust Corp increased its stake in shares of Central Valley Community Bancorp by 11.5% in the fourth quarter. Northern Trust Corp now owns 16,586 shares of the financial services provider valued at $344,000 after buying an additional 1,711 shares during the period. Finally, UBS Group AG bought a new position in shares of Central Valley Community Bancorp in the third quarter at a value of $45,000. Institutional investors hold 48.28% of the company’s shares.

Central Valley Community Bancorp Company Profile (Get a rating)

Central Valley Community Bancorp operates as a bank holding company for Central Valley Community Bank which provides various commercial banking services to small and medium businesses and individuals in the Central Valley region of California. The company accepts demand, savings and term deposits; certificates of deposit; and non-interest bearing demand deposits, as well as NOW and money market accounts.

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Earnings History and Estimates for Central Valley Community Bancorp (NASDAQ:CVCY)



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