Somewhat Positive Press Coverage Somewhat Unlikely to Affect Central Valley Community Bancorp (CVCY) Stock Price
News articles about Central Valley Community Bancorp (NASDAQ:CVCY) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Central Valley Community Bancorp earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 47.1337063432192 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Central Valley Community Bancorp (NASDAQ:CVCY) traded up $0.17 during midday trading on Friday, reaching $19.91. 52,757 shares of the company were exchanged, compared to its average volume of 34,199. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.03. Central Valley Community Bancorp has a 1-year low of $16.40 and a 1-year high of $23.94. The company has a market cap of $270.40, a price-to-earnings ratio of 15.08, a PEG ratio of 1.97 and a beta of 0.25.
Central Valley Community Bancorp (NASDAQ:CVCY) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $16.13 million during the quarter, compared to analyst estimates of $16.60 million. Central Valley Community Bancorp had a net margin of 24.80% and a return on equity of 9.41%. analysts predict that Central Valley Community Bancorp will post 1.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.21%. Central Valley Community Bancorp’s dividend payout ratio is currently 18.18%.
CVCY has been the topic of a number of recent research reports. BidaskClub lowered shares of Central Valley Community Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. ValuEngine upgraded shares of Central Valley Community Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. 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 on the stock in a research note on Friday, October 20th. Finally, FIG Partners reiterated a “market perform” rating and set a $24.00 price objective (up from $23.00) on shares of Central Valley Community Bancorp in a research note on Sunday, July 23rd.
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In related news, Director Daniel J. Doyle sold 6,600 shares of Central Valley Community Bancorp stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $19.56, for a total value of $129,096.00. Following the completion of the sale, the director now owns 79,000 shares of the company’s stock, valued at approximately $1,545,240. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 21.57% of the company’s stock.
About Central Valley Community Bancorp
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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