Central Valley Community Bancorp (CVCY) to Post Q1 2018 Earnings of $0.26 Per Share, FIG Partners Forecasts

Central Valley Community Bancorp (NASDAQ:CVCY) – Analysts at FIG Partners issued their Q1 2018 earnings per share (EPS) estimates for shares of Central Valley Community Bancorp in a report issued on Thursday. FIG Partners analyst T. Coffey anticipates that the financial services provider will earn $0.26 per share for the quarter. FIG Partners also issued estimates for Central Valley Community Bancorp’s Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.45 EPS, Q1 2019 earnings at $0.42 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.44 EPS and FY2019 earnings at $1.75 EPS.

Several other brokerages have also weighed in on CVCY. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Friday, October 20th. Sandler O’Neill set a $25.00 price objective on shares of Central Valley Community Bancorp and gave the company a “buy” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.00.

Central Valley Community Bancorp (CVCY) opened at $19.59 on Monday. The firm has a market cap of $274.34, a P/E ratio of 17.34, a P/E/G ratio of 1.80 and a beta of 0.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.03. Central Valley Community Bancorp has a 52-week low of $17.62 and a 52-week high of $23.94.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.07. The firm had revenue of $17.51 million for the quarter, compared to analyst estimates of $17.85 million. Central Valley Community Bancorp had a net margin of 20.56% and a return on equity of 9.97%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio raised its position in Central Valley Community Bancorp by 232.1% during the fourth quarter. Strs Ohio now owns 9,300 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 6,500 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Central Valley Community Bancorp by 37.6% in 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 purchasing an additional 2,770 shares during the period. Rhumbline Advisers bought a new position in shares of Central Valley Community Bancorp in the second quarter valued at approximately $229,000. PDT Partners LLC bought a new position in shares of Central Valley Community Bancorp in the second quarter valued at approximately $279,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Central Valley Community Bancorp in the second quarter valued at approximately $290,000. 40.66% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from Central Valley Community Bancorp’s previous quarterly dividend of $0.06. Central Valley Community Bancorp’s dividend payout ratio (DPR) is presently 21.24%.

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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.

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

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