Central Valley Community Bancorp (NASDAQ:CVCY) – Investment analysts at DA Davidson lowered their Q4 2017 EPS estimates for shares of Central Valley Community Bancorp in a research note issued on Friday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $0.09 per share for the quarter, down from their prior forecast of $0.12. DA Davidson also issued estimates for Central Valley Community Bancorp’s Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.28 EPS.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday. ValuEngine raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. FIG Partners reaffirmed a “market perform” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd. Finally, BidaskClub downgraded Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.

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Central Valley Community Bancorp (NASDAQ CVCY) opened at 21.26 on Monday. Central Valley Community Bancorp has a 52 week low of $13.75 and a 52 week high of $23.94. The stock has a 50 day moving average of $20.81 and a 200 day moving average of $21.13. The company has a market cap of $259.61 million, a price-to-earnings ratio of 17.17 and a beta of 0.23.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, November 2nd. Central Valley Community Bancorp’s dividend payout ratio is presently 18.18%.

In other Central Valley Community Bancorp news, Director Daniel J. Doyle sold 6,600 shares of the 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 sale, the director now owns 79,000 shares of the company’s stock, valued at approximately $1,545,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lydia E. Shaw sold 1,500 shares of the 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 sale, the insider now directly owns 18,500 shares of the company’s stock, valued at approximately $369,630. The disclosure for this sale can be found here. Corporate insiders own 21.57% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. American International Group Inc. increased its position in Central Valley Community Bancorp by 7.0% during the 1st 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 period. Systematic Financial Management LP boosted its holdings in shares of Central Valley Community Bancorp by 136.6% during the 2nd quarter. Systematic Financial Management LP now owns 8,400 shares of the financial services provider’s stock worth $186,000 after buying an additional 4,850 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Central Valley Community Bancorp by 37.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,140 shares of the financial services provider’s stock worth $225,000 after buying an additional 2,770 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Central Valley Community Bancorp during the 2nd quarter worth approximately $229,000. Finally, AXA bought a new position in shares of Central Valley Community Bancorp during the 1st quarter worth approximately $215,000. 39.75% of the stock is owned by institutional investors and hedge funds.

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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