Central Valley Community Bancorp (NASDAQ:CVCY) declared a quarterly dividend on Friday, July 21st, Wall Street Journal reports. Investors of record on Friday, August 4th will be paid a dividend of 0.06 per share by the financial services provider on Friday, August 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Shares of Central Valley Community Bancorp (NASDAQ:CVCY) traded down 0.41% on Friday, reaching $22.13. 66,796 shares of the company were exchanged. Central Valley Community Bancorp has a 52 week low of $13.75 and a 52 week high of $23.94. The stock has a market capitalization of $270.25 million, a price-to-earnings ratio of 16.17 and a beta of 0.20. The firm’s 50 day moving average price is $22.15 and its 200 day moving average price is $20.93.
Central Valley Community Bancorp (NASDAQ:CVCY) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.10. Central Valley Community Bancorp had a net margin of 23.78% and a return on equity of 9.12%. The company had revenue of $17.88 million for the quarter, compared to the consensus estimate of $15.85 million. Equities research analysts anticipate that Central Valley Community Bancorp will post $1.30 EPS for the current year.
Several analysts have commented on CVCY shares. ValuEngine cut shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, April 24th.
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About Central Valley Community Bancorp
Central Valley Community Bancorp is a bank holding company, which operates through its subsidiary, Central Valley Community Bank (the Bank). The Company’s principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It serves over seven contiguous counties in California’s central valley, including Fresno County, Madera County, Merced County, Sacramento County, San Joaquin County, Stanislaus County, and Tulare County, and surrounding areas through the Bank.
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