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%.
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.
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.
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