Central Valley Community Bancorp (CVCY) Expected to Post Earnings of $0.40 Per Share

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Equities analysts predict that Central Valley Community Bancorp (NASDAQ:CVCY) will announce earnings per share of $0.40 for the current fiscal quarter, Zacks Investment Research reports. Two 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 per share of $0.28 in the same quarter last year, which indicates a positive year-over-year growth rate of 42.9%. The business is expected to announce its next earnings results on Wednesday, January 23rd.

According to Zacks, analysts expect that Central Valley Community Bancorp will report full year earnings of $1.57 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.57. For the next financial year, analysts anticipate that the company will post earnings of $1.66 per share, with EPS estimates ranging from $1.63 to $1.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. Central Valley Community Bancorp had a net margin of 22.22% and a return on equity of 9.44%. The company had revenue of $18.37 million during the quarter, compared to the consensus estimate of $17.91 million.

A number of analysts have recently issued reports on CVCY shares. BidaskClub downgraded shares of Central Valley Community Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, October 5th. Zacks Investment Research downgraded shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th.

NASDAQ CVCY opened at $18.58 on Friday. Central Valley Community Bancorp has a 52-week low of $15.66 and a 52-week high of $22.34. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.02. The firm has a market cap of $254.13 million, a PE ratio of 13.46, a P/E/G ratio of 1.39 and a beta of 0.22.

Several hedge funds and other institutional investors have recently bought and sold shares of CVCY. Elizabeth Park Capital Advisors Ltd. bought a new stake in Central Valley Community Bancorp in the third quarter worth $8,409,000. BlackRock Inc. lifted its stake in Central Valley Community Bancorp by 20.9% in the second quarter. BlackRock Inc. now owns 558,245 shares of the financial services provider’s stock worth $11,813,000 after purchasing an additional 96,373 shares during the last quarter. Walthausen & Co. LLC bought a new stake in Central Valley Community Bancorp in the third quarter worth $1,332,000. Dimensional Fund Advisors LP lifted its stake in Central Valley Community Bancorp by 10.6% in the third quarter. Dimensional Fund Advisors LP now owns 303,324 shares of the financial services provider’s stock worth $6,555,000 after purchasing an additional 29,134 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Central Valley Community Bancorp by 12.5% in the second quarter. Northern Trust Corp now owns 119,296 shares of the financial services provider’s stock worth $2,525,000 after purchasing an additional 13,232 shares during the last quarter. 46.76% of the stock is owned by institutional investors.

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 individuals, and small and middle market businesses. The company accepts deposit products, such as interest-bearing deposits comprising savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.

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