Central Valley Community Bancorp (NASDAQ:CVCY) released its earnings results on Tuesday. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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%.
CVCY stock traded up $0.48 during trading on Thursday, reaching $21.88. 4,086 shares of the stock were exchanged, compared to its average volume of 153,984. Central Valley Community Bancorp has a twelve month low of $11.51 and a twelve month high of $21.75. The firm has a market capitalization of $274.16 million, a P/E ratio of 12.92 and a beta of 0.88. The business’s 50 day simple moving average is $20.55. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.68 and a quick ratio of 0.68.
In other news, Director Robert J. Flautt sold 2,000 shares of Central Valley Community Bancorp stock in a transaction that occurred 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 in the company, valued at $580,927.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Blaine Lauhon sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $21.50, for a total transaction of $258,000.00. Following the completion of the transaction, the executive vice president now owns 18,530 shares of the company’s stock, valued at approximately $398,395. The disclosure for this sale can be found here. 15.10% of the stock is owned by company insiders.
About Central Valley Community Bancorp
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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