Central Valley Community Bancorp (CVCY) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Share on StockTwits

Central Valley Community Bancorp (NASDAQ:CVCY) released its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06, Fidelity Earnings reports. The business had revenue of $18.37 million during the quarter, compared to analysts’ expectations of $17.91 million. Central Valley Community Bancorp had a return on equity of 9.49% and a net margin of 22.22%.

Shares of CVCY stock traded down $0.10 on Friday, reaching $19.99. 9,376 shares of the company’s stock were exchanged, compared to its average volume of 23,852. Central Valley Community Bancorp has a 52 week low of $18.05 and a 52 week high of $22.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $277.64 million, a P/E ratio of 14.49, a P/E/G ratio of 1.61 and a beta of 0.11.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be paid a dividend of $0.09 per share. This is a positive change from Central Valley Community Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Thursday, November 1st. Central Valley Community Bancorp’s dividend payout ratio (DPR) is currently 26.09%.

A hedge fund recently raised its stake in Central Valley Community Bancorp stock. Bank of New York Mellon Corp raised its position in shares of Central Valley Community Bancorp (NASDAQ:CVCY) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,747 shares of the financial services provider’s stock after purchasing an additional 3,121 shares during the period. Bank of New York Mellon Corp owned about 0.56% of Central Valley Community Bancorp worth $1,624,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 45.24% of the company’s stock.

CVCY has been the subject of a number of recent research reports. BidaskClub cut Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Zacks Investment Research raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 20th.

ILLEGAL ACTIVITY NOTICE: This piece was posted by BBNS and is owned by of BBNS. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://baseballnewssource.com/2018/11/10/central-valley-community-bancorp-cvcy-posts-earnings-results-beats-expectations-by-0-06-eps/2847198.html.

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 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.

Recommended Story: How dollar cost averaging works

Earnings History 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

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.