Central Valley Community Bancorp (CVCY) Scheduled to Post Earnings on Wednesday
Central Valley Community Bancorp (NASDAQ:CVCY) will release its earnings data after the market closes on Wednesday, October 18th. Analysts expect Central Valley Community Bancorp to post earnings of $0.32 per share for the quarter.
Central Valley Community Bancorp (NASDAQ:CVCY) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. The company had revenue of $17.88 million during the quarter, compared to analyst estimates of $15.85 million. Central Valley Community Bancorp had a return on equity of 8.94% and a net margin of 23.78%. On average, analysts expect Central Valley Community Bancorp to post $1.22 EPS for the current fiscal year and $1.39 EPS for the next fiscal year.
Central Valley Community Bancorp (NASDAQ CVCY) opened at 22.08 on Wednesday. Central Valley Community Bancorp has a 12 month low of $13.75 and a 12 month high of $23.94. The company has a 50-day moving average price of $20.37 and a 200 day moving average price of $21.06. The stock has a market capitalization of $269.62 million, a price-to-earnings ratio of 17.84 and a beta of 0.22.
CVCY has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Central Valley Community Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, FIG Partners reaffirmed a “market perform” rating and issued a $24.00 target price (up from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd.
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In other news, Director Daniel J. Doyle sold 6,600 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $19.56, for a total transaction of $129,096.00. Following the completion of the sale, the director now directly owns 79,000 shares of the company’s stock, valued at approximately $1,545,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lydia E. Shaw sold 1,500 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $19.98, for a total transaction of $29,970.00. Following the sale, the insider now directly owns 18,500 shares of the company’s stock, valued at $369,630. The disclosure for this sale can be found here. 21.57% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Central Valley Community Bancorp stock. State Street Corp grew its stake in shares of Central Valley Community Bancorp (NASDAQ:CVCY) by 9.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 131,496 shares of the financial services provider’s stock after buying an additional 11,845 shares during the period. State Street Corp owned 1.08% of Central Valley Community Bancorp worth $2,914,000 as of its most recent SEC filing. Institutional investors and hedge funds own 39.75% 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.
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