Central Valley Community Bancorp (CVCY) Announces Quarterly Dividend of $0.06

Central Valley Community Bancorp (NASDAQ:CVCY) declared a quarterly dividend on Friday, July 21st, Wall Street Journal reports. Shareholders of record on Friday, August 4th will be given a dividend of 0.06 per share by the financial services provider on Friday, August 18th. This represents a $0.24 annualized dividend and a yield of 1.25%. The ex-dividend date is Wednesday, August 2nd.

Central Valley Community Bancorp (CVCY) traded down 1.24% on Friday, reaching $19.16. The company’s stock had a trading volume of 74,718 shares. The company has a market capitalization of $233.96 million, a price-to-earnings ratio of 15.48 and a beta of 0.20. The firm’s 50 day moving average price is $21.55 and its 200-day moving average price is $21.11. Central Valley Community Bancorp has a 52 week low of $13.75 and a 52 week high of $23.94.

Central Valley Community Bancorp (NASDAQ:CVCY) last issued its quarterly earnings results 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 8.94% and a net margin of 23.78%. The firm had revenue of $17.88 million during the quarter, compared to the consensus estimate of $15.85 million. On average, equities analysts predict that Central Valley Community Bancorp will post $1.22 EPS for the current year.

A number of research analysts have commented on CVCY shares. ValuEngine raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research raised Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, April 24th. FIG Partners reaffirmed a “market perform” rating and set a $24.00 target price (up previously from $23.00) on shares of Central Valley Community Bancorp in a report on Sunday, July 23rd. Finally, BidaskClub downgraded Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.

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In related news, insider Lydia E. Shaw sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $19.98, for a total value of $29,970.00. Following the sale, the insider now owns 18,500 shares of the company’s stock, valued at approximately $369,630. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 21.57% of the company’s stock.

An institutional investor recently raised its position in Central Valley Community Bancorp stock. State Street Corp raised its stake in shares of Central Valley Community Bancorp (NASDAQ:CVCY) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,496 shares of the financial services provider’s stock after buying an additional 11,845 shares during the period. State Street Corp owned 1.08% of Central Valley Community Bancorp worth $2,914,000 at the end of the most recent quarter. 41.97% of the stock is owned by institutional investors.

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.

Dividend History for Central Valley Community Bancorp (NASDAQ:CVCY)

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