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.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CVCY. DA Davidson lowered their target price on shares of Central Valley Community Bancorp to $20.00 in a research note on Friday, July 22nd. StockNews.com lowered Central Valley Community Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Piper Sandler lowered their price target on Central Valley Community Bancorp to $17.50 in a report on Monday, July 4th.
Central Valley Community Bancorp Trading Up 1.4 %
Shares of Central Valley Community Bancorp stock opened at $17.60 on Friday. Central Valley Community Bancorp has a 12-month low of $14.16 and a 12-month high of $23.99. The firm's 50 day simple moving average is $15.78 and its two-hundred day simple moving average is $19.33. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $206.27 million, a price-to-earnings ratio of 8.07 and a beta of 0.86.
Central Valley Community Bancorp (NASDAQ:CVCY - Get Rating) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.04. The company had revenue of $20.58 million during the quarter, compared to analyst estimates of $20.13 million. Central Valley Community Bancorp had a return on equity of 12.14% and a net margin of 31.00%. Analysts predict that Central Valley Community Bancorp will post 2.31 EPS for the current year.
Central Valley Community Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 20th. Investors of record on Friday, August 5th will be issued a $0.12 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.48 annualized dividend and a yield of 2.73%. Central Valley Community Bancorp's dividend payout ratio (DPR) is presently 22.02%.