Central Valley Community Bancorp (NASDAQ:CVCY) – Stock analysts at DA Davidson boosted their Q3 2017 earnings per share estimates for shares of Central Valley Community Bancorp in a research note issued to investors on Friday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.32.

Central Valley Community Bancorp (NASDAQ:CVCY) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.10. Central Valley Community Bancorp had a return on equity of 9.12% and a net margin of 23.78%. The firm had revenue of $17.88 million for the quarter, compared to analyst estimates of $15.85 million.

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Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, April 24th. ValuEngine upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, FIG Partners restated a “market perform” rating and set a $24.00 price target (up from $23.00) on shares of Central Valley Community Bancorp in a research report on Sunday.

Central Valley Community Bancorp (NASDAQ CVCY) opened at 21.80 on Monday. The stock has a 50 day moving average price of $22.18 and a 200 day moving average price of $20.98. Central Valley Community Bancorp has a 52 week low of $13.75 and a 52 week high of $23.94. The company has a market cap of $266.20 million, a price-to-earnings ratio of 17.61 and a beta of 0.20.

Several large investors have recently made changes to their positions in CVCY. American International Group Inc. increased its stake in shares of Central Valley Community Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 5,382 shares of the financial services provider’s stock valued at $110,000 after buying an additional 350 shares during the period. AXA bought a new stake in Central Valley Community Bancorp during the first quarter worth approximately $215,000. Oxford Asset Management bought a new stake in Central Valley Community Bancorp during the first quarter worth approximately $298,000. Teachers Advisors LLC increased its stake in Central Valley Community Bancorp by 9.4% in the fourth quarter. Teachers Advisors LLC now owns 14,734 shares of the financial services provider’s stock worth $294,000 after buying an additional 1,265 shares during the period. Finally, LSV Asset Management increased its stake in 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 during the period. 42.16% of the stock is owned by institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Friday, August 4th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 2nd. Central Valley Community Bancorp’s dividend payout ratio is 19.35%.

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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