Equities analysts expect that Central Valley Community Bancorp (NASDAQ:CVCY) will announce earnings per share (EPS) of $0.40 for the current quarter, Zacks reports. Two analysts have issued estimates for Central Valley Community Bancorp’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.41. Central Valley Community Bancorp reported earnings per share of $0.28 in the same quarter last year, which would suggest a positive year-over-year growth rate of 42.9%. The business is expected to issue its next earnings report on Wednesday, January 23rd.
On average, analysts expect that Central Valley Community Bancorp will report full year earnings of $1.57 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.57. For the next year, analysts forecast that the company will post earnings of $1.66 per share, with EPS estimates ranging from $1.63 to $1.68. Zacks’ EPS averages are an average based on a survey of analysts that cover Central Valley Community Bancorp.
Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings results on Wednesday, October 17th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The company had revenue of $18.37 million for the quarter, compared to analysts’ expectations of $17.91 million. Central Valley Community Bancorp had a return on equity of 9.44% and a net margin of 22.22%.
CVCY stock opened at $18.35 on Friday. Central Valley Community Bancorp has a 1 year low of $15.66 and a 1 year high of $22.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $254.13 million, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 1.39 and a beta of 0.22.
Several large investors have recently modified their holdings of the business. Rhumbline Advisers acquired a new position in Central Valley Community Bancorp in the second quarter valued at approximately $235,000. Strs Ohio increased its position in shares of Central Valley Community Bancorp by 23.4% in the second quarter. Strs Ohio now owns 13,200 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 2,500 shares during the last quarter. Walthausen & Co. LLC purchased a new stake in Central Valley Community Bancorp in the third quarter worth $1,332,000. Renaissance Technologies LLC increased its holdings in Central Valley Community Bancorp by 14.6% in the 2nd quarter. Renaissance Technologies LLC now owns 69,700 shares of the financial services provider’s stock worth $1,475,000 after buying an additional 8,900 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its holdings in Central Valley Community Bancorp by 11.8% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 73,039 shares of the financial services provider’s stock worth $1,578,000 after purchasing an additional 7,701 shares in the last quarter. 46.76% of the stock is owned by institutional investors.
Central Valley Community Bancorp Company Profile
Central Valley Community Bancorp operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to individuals, and small and middle market businesses. The company accepts deposit products, such as interest-bearing deposits comprising savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.
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