Central Valley Community Bancorp operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in the central valley area of California. The company accepts demand, savings, and time deposits; certificates of deposit; and non-interest-bearing demand deposits, as well as provides NOW and money market accounts. Its loan products include commercial and industrial loans, as well as loans secured by crop production and livestock; owner occupied and investor commercial real estate, real estate construction and other land, agricultural real estate, and other real estate loans; and equity loans and lines of credit, and installment and other consumer loans. The company also offers domestic and international wire transfer, safe deposit box, Internet banking, and other customary banking services. As of December 31, 2021, the company operated through a network of 20 full-service banking offices in Cameron Park, Clovis, Exeter, Folsom, Fresno, Gold River, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Roseville, Sacramento, Stockton, and Visalia. Central Valley Community Bancorp was founded in 1979 and is based in Fresno, California.
Central Valley Community Bancorp Price Performance
Shares of Central Valley Community Bancorp stock traded up $0.35 on Thursday, reaching $17.35. 13,632 shares of the stock were exchanged, compared to its average volume of 33,668. The firm's 50 day moving average is $15.76 and its 200-day moving average is $19.40. Central Valley Community Bancorp has a one year low of $14.16 and a one year high of $23.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.52 and a current ratio of 0.57. The firm has a market cap of $203.32 million, a PE ratio of 7.96 and a beta of 0.86.
Central Valley Community Bancorp (NASDAQ:CVCY - Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.04. Central Valley Community Bancorp had a net margin of 31.00% and a return on equity of 12.14%. The company had revenue of $20.58 million during the quarter, compared to the consensus estimate of $20.13 million. As a group, analysts anticipate that Central Valley Community Bancorp will post 2.31 EPS for the current fiscal year.
Central Valley Community Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 20th. Investors of record on Friday, August 5th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 4th. Central Valley Community Bancorp's payout ratio is 22.02%.
Analysts Set New Price Targets
A number of research firms have issued reports on CVCY. StockNews.com downgraded shares of Central Valley Community Bancorp from a "buy" rating to a "hold" rating in a report on Wednesday. DA Davidson cut their price target on shares of Central Valley Community Bancorp to $20.00 in a report on Friday, July 22nd. Finally, Piper Sandler cut their price target on shares of Central Valley Community Bancorp to $17.50 in a report on Monday, July 4th.