Central Valley Community Bancorp (NASDAQ:CVCY) Expected to Announce Earnings of $0.40 Per Share

Share on StockTwits

Equities research analysts forecast that Central Valley Community Bancorp (NASDAQ:CVCY) will post earnings per share (EPS) of $0.40 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Central Valley Community Bancorp’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.42. Central Valley Community Bancorp posted earnings per share of $0.42 in the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 16th.

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 $1.49 to $1.62. For the next financial year, analysts forecast that the business will post earnings of $1.66 per share, with EPS estimates ranging from $1.57 to $1.73. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Central Valley Community Bancorp.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. Central Valley Community Bancorp had a return on equity of 9.73% and a net margin of 28.18%. The business had revenue of $20.54 million during the quarter, compared to the consensus estimate of $18.33 million.

A number of brokerages have recently issued reports on CVCY. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. ValuEngine downgraded China Southern Airlines from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. DA Davidson reiterated a “neutral” rating on shares of Central Valley Community Bancorp in a research report on Monday, April 22nd. Finally, Raymond James dropped their price target on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Central Valley Community Bancorp has an average rating of “Hold” and an average target price of $22.00.

NASDAQ CVCY traded up $0.13 during trading hours on Friday, hitting $20.44. The company had a trading volume of 721 shares, compared to its average volume of 23,063. Central Valley Community Bancorp has a 52 week low of $15.66 and a 52 week high of $22.00. The company’s 50 day moving average is $20.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $284.76 million, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.66 and a beta of 0.34.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its position in Central Valley Community Bancorp by 553.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,412 shares of the financial services provider’s stock worth $47,000 after buying an additional 2,043 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in Central Valley Community Bancorp in the 4th quarter worth approximately $80,000. MetLife Investment Advisors LLC purchased a new position in Central Valley Community Bancorp in the 4th quarter worth approximately $110,000. Bank of America Corp DE increased its stake in Central Valley Community Bancorp by 56.5% in the 4th quarter. Bank of America Corp DE now owns 8,529 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 3,079 shares during the period. Finally, Strs Ohio increased its stake in Central Valley Community Bancorp by 6.8% in the 1st quarter. Strs Ohio now owns 14,100 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 900 shares during the period. Institutional investors own 46.94% of the company’s stock.

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 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.

See Also: What is a Candlestick Chart?

Get a free copy of the Zacks research report on Central Valley Community Bancorp (CVCY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Central Valley Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Valley Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Head to Head Contrast: Mitsubishi UFJ Financial Group  versus FRIENDLY HILLS/SH SH
Head to Head Contrast: Mitsubishi UFJ Financial Group versus FRIENDLY HILLS/SH SH
Newpark Resources  Downgraded to “Sell” at Zacks Investment Research
Newpark Resources Downgraded to “Sell” at Zacks Investment Research
QCR  Downgraded to Sell at BidaskClub
QCR Downgraded to Sell at BidaskClub
Pareteum  Rating Lowered to Hold at BidaskClub
Pareteum Rating Lowered to Hold at BidaskClub
Zacks Investment Research Lowers Melco Resorts & Entertainment  to Hold
Zacks Investment Research Lowers Melco Resorts & Entertainment to Hold
Pintec Technology  & Line  Head-To-Head Analysis
Pintec Technology & Line Head-To-Head Analysis


 
© 2006-2019 Zolmax.