Central Valley Community Bancorp (NASDAQ:CVCY) Expected To Report Earnings On Wednesday

Postado Outubro 19, 2017

Analysts await Central Valley Community Bancorp (NASDAQ:CVCY) to report earnings on Oct, 18 for the fiscal quarter ending Sep 2017. Central Valley Community Bancor also recently announced a dividend for shareholders that was paid on Friday August 18th, 2017. The total value of its holdings increased 3.2%.

Traders are feeling more bullish on Central Valley Community Bancor if you watch the downtick in short interest. The dividend was $0.060 per share for the quarter or $0.24 on an annualized basis. Eam Investors, LLC owns 24,874 shares worth $551,000. Hedge funds and other institutional investors own 39.75% of the company's stock. Zacks Investment Research cut Central Valley Community Bancorp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 25th.

In related news, Director Daniel J. Doyle sold 6,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 23rd. The Director now owns $1,511,510 of the stock according to the SEC filing. About shares traded. Central Valley Community Bancorp (NASDAQ:CVCY) has risen 49.39% since October 17, 2016 and is uptrending. Shares saw a steep decrease in trading volume of 94.42% under the normal average daily volume.

The company is down by 0.14% percent from yesterday's close.

Depending on the earnings numbers reported, Central Valley Community Bancorp (NASDAQ:CVCY) stock may see increased volatility following the report. Equities analysts anticipate that Central Valley Community Bancorp will post $1.22 earnings per share for the current year.

In terms of earnings per share, 3 analysts have a 0.17 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 3 analysts have a 0.28 EPS mean target and for the quarter ending Mar-18 there are 3 estimates of 1.22 EPS.

Central Valley Community Bancorp, launched on February 7, 2000, is a bank holding company, which operates through its subsidiary, Central Valley Community Bank (the Bank). Its adjusted revenue was $16.1 million. The Company's principal business is to provide, through its banking subsidiary, financial services in its primary market area in California. It has a 17.58 P/E ratio. 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.