Central Valley Community Bancorp (NASDAQ:CVCY) – Analysts at DA Davidson reduced their Q1 2017 earnings estimates for shares of Central Valley Community Bancorp in a research note issued to investors on Thursday. DA Davidson analyst G. Tenner now forecasts that the brokerage will post earnings per share of $0.27 for the quarter, down from their previous estimate of $0.29. DA Davidson also issued estimates for Central Valley Community Bancorp’s Q4 2017 earnings at $0.34 EPS and FY2018 earnings at $1.33 EPS.
Separately, Zacks Investment Research upgraded Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday, December 21st.
Shares of Central Valley Community Bancorp (NASDAQ:CVCY) traded up 0.367% on Friday, hitting $20.535. The stock had a trading volume of 15,804 shares. The company’s 50-day moving average price is $19.55 and its 200 day moving average price is $16.40. The firm has a market cap of $249.36 million, a P/E ratio of 15.440 and a beta of 0.12. Central Valley Community Bancorp has a 12-month low of $10.44 and a 12-month high of $20.95.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can acquired a new position in shares of Central Valley Community Bancorp during the third quarter worth about $102,000. O Shaughnessy Asset Management LLC raised its position in shares of Central Valley Community Bancorp by 1,736.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 8,228 shares of the financial services provider’s stock worth $115,000 after buying an additional 7,780 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Central Valley Community Bancorp during the third quarter worth about $116,000. Emerald Acquisition Ltd. acquired a new position in shares of Central Valley Community Bancorp during the second quarter worth about $141,000. Finally, LPL Financial LLC raised its position in shares of Central Valley Community Bancorp by 0.4% in the third quarter. LPL Financial LLC now owns 10,164 shares of the financial services provider’s stock worth $150,000 after buying an additional 40 shares during the period. Institutional investors own 38.67% of the company’s stock.
In other Central Valley Community Bancorp news, Director Daniel J. Doyle sold 10,000 shares of the business’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $16.88, for a total transaction of $168,800.00. Following the completion of the transaction, the director now owns 80,628 shares in the company, valued at approximately $1,361,000.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.57% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.17%. Central Valley Community Bancorp’s dividend payout ratio is currently 17.14%.
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.