Central Valley Community Bancorp (NASDAQ:CVCY) – Stock analysts at DA Davidson upped their Q3 2017 earnings per share (EPS) estimates for Central Valley Community Bancorp in a research report issued on Friday. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $0.33 per share for the quarter, up from their previous estimate of $0.32.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.10. Central Valley Community Bancorp had a net margin of 23.78% and a return on equity of 9.12%. The firm had revenue of $17.88 million for the quarter, compared to analyst estimates of $15.85 million.

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A number of other equities analysts also recently issued reports on CVCY. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Monday, April 24th. ValuEngine downgraded shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Finally, FIG Partners reaffirmed a “market perform” rating and set a $24.00 price objective (up from $23.00) on shares of Central Valley Community Bancorp in a report on Sunday.

Shares of Central Valley Community Bancorp (CVCY) opened at 22.13 on Monday. The firm’s 50-day moving average is $22.15 and its 200 day moving average is $20.93. Central Valley Community Bancorp has a 52-week low of $13.75 and a 52-week high of $23.94. The company has a market capitalization of $270.23 million, a price-to-earnings ratio of 17.88 and a beta of 0.20.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, August 2nd. Central Valley Community Bancorp’s payout ratio is 19.35%.

Several large investors have recently added to or reduced their stakes in CVCY. Russell Investments Group Ltd. acquired a new stake in Central Valley Community Bancorp during the fourth quarter worth approximately $433,000. State Street Corp boosted its stake in 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 during the last quarter. Teachers Advisors LLC boosted its stake in Central Valley Community Bancorp by 9.4% in the fourth quarter. Teachers Advisors LLC now owns 14,734 shares of the financial services provider’s stock worth $294,000 after buying an additional 1,265 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Central Valley Community Bancorp by 31.7% in the first quarter. LSV Asset Management now owns 16,596 shares of the financial services provider’s stock worth $340,000 after buying an additional 3,996 shares during the last quarter. Institutional investors own 42.16% of the company’s stock.

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.

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

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