Central Valley Community Bancorp (NASDAQ:CVCY) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10, Morningstar.com reports. Central Valley Community Bancorp had a return on equity of 9.12% and a net margin of 23.78%. The company had revenue of $17.88 million during the quarter, compared to the consensus estimate of $15.85 million.

Shares of Central Valley Community Bancorp (NASDAQ CVCY) opened at 22.22 on Friday. The company has a market capitalization of $271.35 million, a P/E ratio of 16.23 and a beta of 0.20. Central Valley Community Bancorp has a one year low of $13.75 and a one year high of $23.94. The firm has a 50 day moving average price of $22.15 and a 200 day moving average price of $20.93.

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Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. ValuEngine upgraded Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

Several hedge funds and other institutional investors have recently made changes to their positions in CVCY. Dimensional Fund Advisors LP increased its position in shares of Central Valley Community Bancorp by 99.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 79,098 shares of the financial services provider’s stock worth $1,579,000 after buying an additional 39,419 shares in the last quarter. AXA acquired a new position in shares of Central Valley Community Bancorp during the first quarter worth about $215,000. Wellington Management Group LLP acquired a new position in shares of Central Valley Community Bancorp during the first quarter worth about $12,414,000. LSV Asset Management increased its position in shares of Central Valley Community Bancorp by 31.7% in the first quarter. LSV Asset Management now owns 16,596 shares of the financial services provider’s stock worth $340,000 after buying an additional 3,996 shares in the last quarter. Finally, State Street Corp increased its position in shares of Central Valley Community Bancorp by 22.2% in the fourth quarter. State Street Corp now owns 111,771 shares of the financial services provider’s stock worth $2,233,000 after buying an additional 20,284 shares in the last quarter. 42.60% of the stock is currently owned by institutional investors.

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 for Central Valley Community Bancorp (NASDAQ:CVCY)

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