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.
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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