Equities analysts predict that Central Valley Community Bancorp (NASDAQ:CVCY) will post sales of $18.33 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Central Valley Community Bancorp’s earnings, with the highest sales estimate coming in at $18.40 million and the lowest estimate coming in at $18.20 million. Central Valley Community Bancorp reported sales of $18.08 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, July 17th.

On average, analysts expect that Central Valley Community Bancorp will report full year sales of $74.07 million for the current financial year, with estimates ranging from $73.10 million to $74.70 million. For the next fiscal year, analysts anticipate that the company will report sales of $76.17 million, with estimates ranging from $75.00 million to $77.30 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Central Valley Community Bancorp had a return on equity of 9.73% and a net margin of 28.18%. The firm had revenue of $18.81 million during the quarter, compared to analysts’ expectations of $18.27 million.

Several research analysts recently weighed in on the company. ValuEngine upgraded Central Valley Community Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. BidaskClub upgraded Central Valley Community Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 25th. DA Davidson reiterated a “neutral” rating on shares of Central Valley Community Bancorp in a research report on Monday, April 22nd. Finally, Raymond James assumed coverage on Central Valley Community Bancorp in a research report on Wednesday, April 10th. They set an “outperform” rating and a $22.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.00.

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in Central Valley Community Bancorp by 553.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,412 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 2,043 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in Central Valley Community Bancorp during the fourth quarter valued at about $80,000. MetLife Investment Advisors LLC bought a new stake in Central Valley Community Bancorp during the fourth quarter valued at about $110,000. Bank of America Corp DE boosted its position in Central Valley Community Bancorp by 56.5% during the fourth quarter. Bank of America Corp DE now owns 8,529 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 3,079 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Central Valley Community Bancorp during the fourth quarter valued at about $274,000. Institutional investors own 46.94% of the company’s stock.

CVCY stock traded up $0.36 during trading on Thursday, hitting $19.76. 8,692 shares of the company traded hands, compared to its average volume of 21,633. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.02. The stock has a market cap of $269.92 million, a P/E ratio of 12.83, a P/E/G ratio of 1.56 and a beta of 0.31. Central Valley Community Bancorp has a 1 year low of $15.66 and a 1 year high of $22.34.

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were given a dividend of $0.11 per share. This is a boost from Central Valley Community Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, May 2nd. Central Valley Community Bancorp’s dividend payout ratio (DPR) is currently 28.57%.

About Central Valley Community Bancorp

Central Valley Community Bancorp operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in the central valley area of California. The company accepts deposit products, such as savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.

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

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