Central Valley Community Bancorp (NASDAQ:CVCY) Releases Earnings Results, Beats Expectations By $0.13 EPS

Central Valley Community Bancorp (NASDAQ:CVCY) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.13, MarketWatch Earnings reports. Central Valley Community Bancorp had a return on equity of 8.92% and a net margin of 27.68%.

NASDAQ:CVCY traded up $0.48 during mid-day trading on Thursday, reaching $21.88. 4,086 shares of the stock were exchanged, compared to its average volume of 153,984. The company has a 50 day moving average of $20.55. The firm has a market capitalization of $274.16 million, a PE ratio of 12.92 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.68 and a quick ratio of 0.68. Central Valley Community Bancorp has a 1 year low of $11.51 and a 1 year high of $21.75.

Separately, Zacks Investment Research upgraded Central Valley Community Bancorp from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Friday, July 2nd.

In related news, EVP Blaine Lauhon sold 12,000 shares of the company’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $21.50, for a total value of $258,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,530 shares in the company, valued at $398,395. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Flautt sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $20.83, for a total value of $41,660.00. Following the completion of the transaction, the director now owns 27,889 shares of the company’s stock, valued at $580,927.87. The disclosure for this sale can be found here. Company insiders own 15.10% of the company’s stock.

Central Valley Community Bancorp Company Profile

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; NOW and money market accounts; certificates of deposit; and non-interest bearing demand deposits.

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Earnings History for Central Valley Community Bancorp (NASDAQ:CVCY)

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