Equities research analysts predict that Central Valley Community Bancorp (NASDAQ:CVCY) will announce $17.85 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Central Valley Community Bancorp’s earnings, with the highest sales estimate coming in at $18.70 million and the lowest estimate coming in at $17.00 million. Central Valley Community Bancorp posted sales of $15.01 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.9%. The business is scheduled to report its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that Central Valley Community Bancorp will report full-year sales of $17.85 million for the current financial year, with estimates ranging from $66.20 million to $69.30 million. For the next year, analysts forecast that the business will post sales of $75.50 million per share, with estimates ranging from $72.70 million to $78.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.41%. The firm had revenue of $16.13 million during the quarter, compared to analysts’ expectations of $16.60 million.

Separately, Zacks Investment Research lowered shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. OxFORD Asset Management LLP boosted its stake in shares of Central Valley Community Bancorp by 74.7% in the third quarter. OxFORD Asset Management LLP now owns 35,890 shares of the financial services provider’s stock valued at $793,000 after purchasing an additional 15,351 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Central Valley Community Bancorp by 25.7% in the third quarter. Dimensional Fund Advisors LP now owns 176,583 shares of the financial services provider’s stock valued at $3,938,000 after purchasing an additional 36,138 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Central Valley Community Bancorp by 23.1% in the third quarter. Wells Fargo & Company MN now owns 22,954 shares of the financial services provider’s stock valued at $511,000 after purchasing an additional 4,314 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Central Valley Community Bancorp by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 128,922 shares of the financial services provider’s stock valued at $2,771,000 after purchasing an additional 4,221 shares during the period. Finally, Systematic Financial Management LP boosted its stake in shares of Central Valley Community Bancorp by 107.1% in the third quarter. Systematic Financial Management LP now owns 17,400 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 9,000 shares during the period. 40.73% of the stock is owned by institutional investors and hedge funds.

Central Valley Community Bancorp (CVCY) traded up $0.13 during trading on Thursday, reaching $20.59. 85,365 shares of the company traded hands, compared to its average volume of 40,586. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $279.37, a PE ratio of 15.58, a P/E/G ratio of 2.03 and a beta of 0.24. Central Valley Community Bancorp has a 52-week low of $17.62 and a 52-week high of $23.94.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, November 2nd. Central Valley Community Bancorp’s dividend payout ratio (DPR) is presently 18.18%.

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Central Valley Community Bancorp Company Profile

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

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