Analysts forecast that Central Valley Community Bancorp (NASDAQ:CVCY) will report $15.85 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Central Valley Community Bancorp’s earnings. The highest sales estimate is $16.60 million and the lowest is $15.10 million. Central Valley Community Bancorp reported sales of $13.72 million during the same quarter last year, which indicates a positive year over year growth rate of 15.5%. The business is scheduled to issue its next quarterly earnings results on Wednesday, July 19th.

On average, analysts expect that Central Valley Community Bancorp will report full year sales of $15.85 million for the current year, with estimates ranging from $62.80 million to $68.60 million. For the next year, analysts expect that the business will post sales of $76.45 million per share, with estimates ranging from $73.50 million to $79.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Central Valley Community Bancorp.

CVCY has been the topic of a number of research reports. ValuEngine downgraded shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, April 24th.

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Central Valley Community Bancorp by 99.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 79,098 shares of the financial services provider’s stock worth $1,579,000 after buying an additional 39,419 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Central Valley Community Bancorp by 4.7% in the fourth quarter. Martingale Asset Management L P now owns 75,524 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 3,424 shares in the last quarter. Siena Capital Management LLC bought a new stake in shares of Central Valley Community Bancorp during the fourth quarter worth about $3,370,000. State Street Corp increased its stake in shares of Central Valley Community Bancorp by 22.2% in the fourth quarter. State Street Corp now owns 111,771 shares of the financial services provider’s stock worth $2,233,000 after buying an additional 20,284 shares in the last quarter. Finally, Bowling Portfolio Management LLC bought a new stake in shares of Central Valley Community Bancorp during the fourth quarter worth about $691,000. Institutional investors own 38.94% of the company’s stock.

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Central Valley Community Bancorp (NASDAQ CVCY) traded up 3.63% on Thursday, reaching $22.26. The company had a trading volume of 15,508 shares. Central Valley Community Bancorp has a 12-month low of $12.48 and a 12-month high of $23.94. The stock’s 50 day moving average price is $21.55 and its 200-day moving average price is $20.14. The stock has a market capitalization of $271.84 million, a PE ratio of 16.26 and a beta of 0.04.

The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were issued a $0.06 dividend. The ex-dividend date was Wednesday, May 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.12%. Central Valley Community Bancorp’s dividend payout ratio is currently 17.78%.

About Central Valley Community Bancorp

Central Valley Community Bancorp is a bank holding company, which operates through its subsidiary, Central Valley Community Bank (the Bank). The Company’s principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It serves over seven contiguous counties in California’s central valley, including Fresno County, Madera County, Merced County, Sacramento County, San Joaquin County, Stanislaus County, and Tulare County, and surrounding areas through the Bank.

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