Central Valley Community Bancorp (NASDAQ:CVCY) – Investment analysts at FIG Partners raised their Q1 2018 earnings estimates for Central Valley Community Bancorp in a research report issued to clients and investors on Thursday. FIG Partners analyst T. Coffey now expects that the financial services provider will earn $0.30 per share for the quarter, up from their prior estimate of $0.19. FIG Partners currently 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 Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.40 EPS and FY2019 earnings at $1.61 EPS.

Several other research firms have also recently commented on CVCY. Zacks Investment Research upgraded Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research report on Friday, July 21st. BidaskClub cut Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, August 7th.

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Central Valley Community Bancorp (CVCY) opened at 21.26 on Monday. The firm’s 50-day moving average price is $20.81 and its 200 day moving average price is $21.13. The firm has a market cap of $259.61 million, a P/E ratio of 17.17 and a beta of 0.23. Central Valley Community Bancorp has a one year low of $13.75 and a one year high of $23.94.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, beating the 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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. lifted its stake in shares of Central Valley Community Bancorp by 7.0% in the 1st quarter. American International Group Inc. now owns 5,382 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 350 shares during the last quarter. Systematic Financial Management LP raised its position in 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 valued at $186,000 after purchasing an additional 4,850 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in 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 valued at $225,000 after purchasing an additional 2,770 shares during the last quarter. Rhumbline Advisers bought a new position in Central Valley Community Bancorp during the 2nd quarter valued at approximately $229,000. Finally, AXA bought a new position in Central Valley Community Bancorp during the 1st quarter valued at approximately $215,000. 39.75% of the stock is owned by institutional investors.

In other Central Valley Community Bancorp news, Director Daniel J. Doyle sold 6,600 shares of Central Valley Community Bancorp stock in a transaction dated Wednesday, August 23rd. The stock was 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 $1,545,240. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lydia E. Shaw sold 1,500 shares of Central Valley Community Bancorp stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $19.98, for a total value 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. Insiders own 21.57% of the company’s stock.

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

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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