Weekly Analysts’ Ratings Updates for Central Valley Community Bancorp (CVCY)

Central Valley Community Bancorp (NASDAQ: CVCY) recently received a number of ratings updates from brokerages and research firms:

  • 8/8/2017 – Central Valley Community Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/7/2017 – Central Valley Community Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Central Valley Community Bancorp was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Central Valley Community Bank is the sole subsidiary of Central Valley Community Bancorp. The Bank operates full-service offices in Clovis, Fresno, Prather, Kerman and Sacramento, plus Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are also provided by Investment Centers of America. “
  • 7/23/2017 – Central Valley Community Bancorp had its “market perform” rating reaffirmed by analysts at FIG Partners. They now have a $24.00 price target on the stock, up previously from $23.00.
  • 7/21/2017 – Central Valley Community Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Central Valley Community Bank is the sole subsidiary of Central Valley Community Bancorp. The Bank operates full-service offices in Clovis, Fresno, Prather, Kerman and Sacramento, plus Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are also provided by Investment Centers of America. “

Central Valley Community Bancorp (NASDAQ:CVCY) opened at 21.83 on Wednesday. The stock has a market capitalization of $266.57 million, a price-to-earnings ratio of 17.63 and a beta of 0.20. The firm has a 50-day moving average of $22.06 and a 200-day moving average of $21.09. Central Valley Community Bancorp has a 12-month low of $13.75 and a 12-month 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.10. The firm had revenue of $17.88 million for the quarter, compared to analysts’ expectations of $15.85 million. Central Valley Community Bancorp had a return on equity of 9.12% and a net margin of 23.78%. Equities research analysts forecast that Central Valley Community Bancorp will post $1.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. Central Valley Community Bancorp’s dividend payout ratio is currently 19.35%.

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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