Central Valley Community Bancorp (CVCY) Earning Somewhat Positive News Coverage, Analysis Shows
News stories about Central Valley Community Bancorp (NASDAQ:CVCY) have been trending somewhat positive on Monday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Central Valley Community Bancorp earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 47.4582854509863 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Central Valley Community Bancorp (NASDAQ CVCY) traded up $0.25 during trading hours on Monday, reaching $19.80. 35,000 shares of the company’s stock traded hands, compared to its average volume of 40,743. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.67 and a current ratio of 0.67. Central Valley Community Bancorp has a 1 year low of $15.01 and a 1 year high of $23.94. The company has a market cap of $268.91, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 1.96 and a beta of 0.25.
Central Valley Community Bancorp (NASDAQ:CVCY) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.41%. The firm had revenue of $16.13 million during the quarter, compared to the consensus estimate of $16.60 million. sell-side analysts forecast that Central Valley Community Bancorp will post 1.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, November 2nd. Central Valley Community Bancorp’s dividend payout ratio is currently 18.18%.
A number of research firms recently weighed in on CVCY. 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 Friday, October 20th. FIG Partners reissued a “market perform” rating and issued a $24.00 price target (up from $23.00) on shares of Central Valley Community Bancorp in a report on Sunday, July 23rd. ValuEngine raised shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Finally, BidaskClub downgraded shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
In other news, insider Lydia E. Shaw sold 1,500 shares of Central Valley Community Bancorp stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $19.98, for a total transaction of $29,970.00. Following the completion of the sale, the insider now directly owns 18,500 shares of the company’s stock, valued at approximately $369,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Doyle sold 6,600 shares of Central Valley Community Bancorp stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $19.56, for a total transaction of $129,096.00. Following the sale, the director now directly owns 79,000 shares of the company’s stock, valued at $1,545,240. The disclosure for this sale can be found here. Insiders own 19.70% 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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