Central Valley Community Bancorp (NASDAQ:CVCY) – Stock analysts at FIG Partners lifted their FY2017 EPS estimates for shares of Central Valley Community Bancorp in a research note issued to investors on Thursday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings of $1.48 per share for the year, up from their previous forecast of $1.30. FIG Partners has a “Market Perform” rating and a $24.00 price objective on the stock. FIG Partners also issued estimates for Central Valley Community Bancorp’s Q4 2017 earnings at $0.30 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.41 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.46 EPS and FY2019 earnings at $1.74 EPS.

CVCY has been the topic of a number of other reports. Zacks Investment Research lowered Central Valley Community Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub lowered shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a report on Monday, August 7th.

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Central Valley Community Bancorp (NASDAQ CVCY) traded up 0.75% during mid-day trading on Friday, hitting $21.44. The stock had a trading volume of 12,984 shares. Central Valley Community Bancorp has a 1-year low of $13.75 and a 1-year high of $23.94. The stock has a 50 day moving average of $20.76 and a 200-day moving average of $21.12. The firm has a market cap of $261.80 million, a P/E ratio of 17.32 and a beta of 0.23.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. Central Valley Community Bancorp had a return on equity of 9.56% and a net margin of 24.80%. The company had revenue of $16.13 million for the quarter, compared to the consensus estimate of $16.60 million.

In other news, Director Daniel J. Doyle sold 6,600 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 79,000 shares of the company’s stock, valued at $1,545,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lydia E. Shaw sold 1,500 shares of the business’s stock in a transaction that occurred 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 transaction, 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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVCY. American International Group Inc. raised its holdings in shares of Central Valley Community Bancorp by 7.0% during the first quarter. American International Group Inc. now owns 5,382 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 350 shares during the last quarter. Systematic Financial Management LP grew its position in Central Valley Community Bancorp by 136.6% during the second quarter. Systematic Financial Management LP now owns 8,400 shares of the financial services provider’s stock valued at $186,000 after buying an additional 4,850 shares during the period. AXA bought a new stake in Central Valley Community Bancorp during the first quarter valued at approximately $215,000. The Manufacturers Life Insurance Company grew its position in Central Valley Community Bancorp by 37.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,140 shares of the financial services provider’s stock valued at $225,000 after buying an additional 2,770 shares during the period. Finally, Rhumbline Advisers bought a new stake in Central Valley Community Bancorp during the second quarter valued at approximately $229,000. 39.75% of the stock is owned by hedge funds and other institutional investors.

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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