Central Valley Community Bancorp (NASDAQ: CVCY) has reported earnings for its first fiscal quarter (ending March 31) of $0.31 versus $0.60 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.89 compared to $2.36 a year ago.
Recent Price Action
Central Valley Community Bancorp (NASDAQ: CVCY) stock closed at $18.39 on 4/18/24 after a modest gain of 0.8%. Moreover, this advance was accompanied by above average trading volume at 128% of normal. The stock has risen 1.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CVCY is expected to continue to be a Value Builder.
Central Valley Community Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Central Valley Community Bancorp has a good Appreciation Score of 82 and a good Power Rating of 85, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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