Zacks: Analysts Expect Central Valley Community Bancorp (CVCY) Will Post Earnings of $0.40 Per Share

Brokerages expect that Central Valley Community Bancorp (NASDAQ:CVCY) will announce earnings per share (EPS) of $0.40 for the current quarter, according to Zacks. Two analysts have made estimates for Central Valley Community Bancorp’s earnings, with estimates ranging from $0.38 to $0.41. Central Valley Community Bancorp reported earnings of $0.38 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The firm is scheduled to report its next quarterly earnings report on Wednesday, April 17th.

According to Zacks, analysts expect that Central Valley Community Bancorp will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.60 to $1.68. For the next fiscal year, analysts expect that the company will post earnings of $1.70 per share, with EPS estimates ranging from $1.67 to $1.73. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its earnings results on Wednesday, January 23rd. The financial services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Central Valley Community Bancorp had a net margin of 28.57% and a return on equity of 9.99%. The business had revenue of $18.38 million for the quarter, compared to analysts’ expectations of $18.20 million.

A number of brokerages have commented on CVCY. Zacks Investment Research cut shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. BidaskClub cut shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a report on Friday, February 15th.

Shares of CVCY stock opened at $19.90 on Thursday. Central Valley Community Bancorp has a 12 month low of $15.66 and a 12 month high of $22.34. The company has a market cap of $275.21 million, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.53 and a beta of 0.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.74 and a quick ratio of 0.74.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 8th were issued a dividend of $0.10 per share. This is a boost from Central Valley Community Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, February 7th. Central Valley Community Bancorp’s dividend payout ratio is currently 25.97%.

A number of hedge funds have recently made changes to their positions in CVCY. Elizabeth Park Capital Advisors Ltd. purchased a new stake in Central Valley Community Bancorp during the third quarter valued at approximately $8,409,000. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Central Valley Community Bancorp by 109.6% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 153,121 shares of the financial services provider’s stock worth $2,889,000 after purchasing an additional 80,082 shares in the last quarter. Walthausen & Co. LLC purchased a new stake in shares of Central Valley Community Bancorp in the third quarter worth $1,332,000. Dimensional Fund Advisors LP increased its stake in shares of Central Valley Community Bancorp by 9.8% in the fourth 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. Finally, BlackRock Inc. increased its stake in shares of Central Valley Community Bancorp by 3.3% in the fourth 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. 46.19% of the stock is owned by institutional investors and hedge funds.

Central Valley Community Bancorp Company Profile

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

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