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

Several other research analysts have also recently commented on the company. Zacks Investment Research raised Central Valley Community Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Monday, January 1st. Sandler O’Neill set a $25.00 price target on Central Valley Community Bancorp and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $24.00.

Central Valley Community Bancorp (CVCY) opened at $20.19 on Friday. 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 $274.21, a PE ratio of 15.30, a PEG ratio of 1.82 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.

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

A number of large investors have recently added to or reduced their stakes in CVCY. Systematic Financial Management LP raised its stake in Central Valley Community Bancorp by 136.6% in the second quarter. Systematic Financial Management LP now owns 8,400 shares of the financial services provider’s stock valued at $186,000 after buying an additional 4,850 shares during the period. The Manufacturers Life Insurance Company raised its stake in 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 buying an additional 2,770 shares during the period. Rhumbline Advisers bought a new stake in Central Valley Community Bancorp in the second quarter valued at approximately $229,000. PDT Partners LLC bought a new stake in Central Valley Community Bancorp in the second quarter valued at approximately $279,000. Finally, Ameriprise Financial Inc. bought a new stake in Central Valley Community Bancorp in the second quarter valued at approximately $290,000. Hedge funds and other institutional investors own 40.73% of the company’s stock.

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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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