Central Valley Community Bancorp (NASDAQ:CVCY) – Equities researchers at FIG Partners boosted their Q4 2017 EPS estimates for shares of Central Valley Community Bancorp in a research report issued to clients and investors on Wednesday. FIG Partners analyst T. Coffey now anticipates that the financial services provider will earn $0.32 per share for the quarter, up from their prior estimate of $0.24. FIG Partners also issued estimates for Central Valley Community Bancorp’s FY2019 earnings at $1.80 EPS.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its earnings results 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. The business had revenue of $16.13 million for the quarter, compared to the consensus estimate of $16.60 million. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.41%.

A number of other equities research analysts have also recently commented on CVCY. Sandler O’Neill set a $25.00 target price on shares of Central Valley Community Bancorp and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Central Valley Community Bancorp currently has an average rating of “Buy” and a consensus price target of $24.00.

Shares of Central Valley Community Bancorp (NASDAQ CVCY) opened at $19.88 on Friday. Central Valley Community Bancorp has a 52-week low of $17.62 and a 52-week high of $23.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $276.38, a P/E ratio of 15.06, a P/E/G ratio of 1.82 and a beta of 0.24.

A number of hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. grew its position in shares of Central Valley Community Bancorp by 1.0% in the second quarter. Kennedy Capital Management Inc. now owns 75,163 shares of the financial services provider’s stock valued at $1,666,000 after purchasing an additional 732 shares during the period. Teachers Advisors LLC grew its position in shares of Central Valley Community Bancorp by 10.4% in the second quarter. Teachers Advisors LLC now owns 16,267 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 1,533 shares during the period. Cornerstone Capital Management Holdings LLC. grew its position in shares of Central Valley Community Bancorp by 3.9% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 51,063 shares of the financial services provider’s stock valued at $1,130,000 after purchasing an additional 1,900 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Central Valley Community Bancorp by 8.6% in the second quarter. TIAA CREF Investment Management LLC now owns 25,925 shares of the financial services provider’s stock valued at $574,000 after purchasing an additional 2,045 shares during the period. Finally, Nationwide Fund Advisors grew its position in shares of Central Valley Community Bancorp by 8.5% in the second quarter. Nationwide Fund Advisors now owns 26,739 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 2,100 shares during the period. Institutional investors own 40.73% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/05/central-valley-community-bancorp-to-post-q4-2017-earnings-of-0-32-per-share-fig-partners-forecasts-cvcy.html.

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.

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

Receive News & Ratings for Central Valley Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Valley Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.