Central Valley Community Bancorp (NASDAQ:CVCY) - Equities researchers at FIG Partners boosted their Q2 2018 earnings estimates for shares of Central Valley Community Bancorp in a research report issued on Thursday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will earn $0.41 per share for the quarter, up from their prior estimate of $0.36. FIG Partners also issued estimates for Central Valley Community Bancorp’s Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.62 EPS.
A number of other brokerages have also recently weighed in on CVCY. Zacks Investment Research cut shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. ValuEngine cut shares of Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, May 19th.
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Shares of Central Valley Community Bancorp (CVCY) traded up 0.05% during midday trading on Friday, hitting $22.23. The stock had a trading volume of 53,822 shares. The stock has a 50-day moving average of $22.15 and a 200 day moving average of $20.93. 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 cap of $271.47 million, a PE ratio of 16.24 and a beta of 0.20.
Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Central Valley Community Bancorp had a return on equity of 9.12% and a net margin of 23.78%. The company had revenue of $17.88 million during the quarter, compared to the consensus estimate of $15.85 million.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in shares of Central Valley Community Bancorp during the first quarter worth approximately $12,414,000. Vanguard Group Inc. raised its position in shares of Central Valley Community Bancorp by 33.4% in the first quarter. Vanguard Group Inc. now owns 378,232 shares of the financial services provider’s stock worth $7,754,000 after buying an additional 94,609 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Central Valley Community Bancorp by 47.2% in the first quarter. Dimensional Fund Advisors LP now owns 116,426 shares of the financial services provider’s stock worth $2,387,000 after buying an additional 37,328 shares during the period. State Street Corp raised its position in shares of Central Valley Community Bancorp by 22.2% in the fourth quarter. State Street Corp now owns 111,771 shares of the financial services provider’s stock worth $2,233,000 after buying an additional 20,284 shares during the period. Finally, FMR LLC raised its position in shares of Central Valley Community Bancorp by 17.5% in the first quarter. FMR LLC now owns 82,227 shares of the financial services provider’s stock worth $1,686,000 after buying an additional 12,227 shares during the period. Institutional investors and hedge funds own 42.60% of the company’s stock.
Central Valley Community Bancorp Company Profile
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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