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Last $11.01 USD
Change Today -0.015 / -0.14%
Volume 2.9K
CVCY On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 4:30 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

central valley comm bancorp (CVCY) Snapshot

Open
$11.00
Previous Close
$11.02
Day High
$11.11
Day Low
$11.00
52 Week High
06/30/14 - $13.90
52 Week Low
01/16/15 - $9.55
Market Cap
120.9M
Average Volume 10 Days
6.5K
EPS TTM
$0.45
Shares Outstanding
11.0M
EX-Date
12/11/14
P/E TM
24.5x
Dividend
$0.20
Dividend Yield
1.36%
Current Stock Chart for CENTRAL VALLEY COMM BANCORP (CVCY)

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central valley comm bancorp (CVCY) Details

Central Valley Community Bancorp operates as the holding company for Central Valley Community Bank that provides various commercial banking services to businesses, individuals, and professional communities in central California. Its deposit products include interest-bearing deposits comprising savings, NOW, money market, and time certificate of deposit accounts; and non-interest bearing demand deposits. The company’s loan portfolio comprises commercial and industrial loans; real estate construction, land development, and other land loans; equity loans and lines of credit; loans to finance agricultural activities and other loans to farmers; and loans to individuals for household, family, and other personal expenditures. It also provides domestic and international wire transfer, safe deposit box, Internet banking, and other customary banking services. The company operates through 21 full-service banking offices located in Clovis, Exeter, Fresno, Kerman, Lodi, Madera, Merced, Modesto, Oakhurst, Prather, Sacramento, Stockton, Tracy, and Visalia of California. Central Valley Community Bancorp was founded in 1979 and is based in Fresno, California.

271 Employees
Last Reported Date: 03/16/15
Founded in 1979

central valley comm bancorp (CVCY) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $275.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $197.0K
Executive Vice President of Commercial and Bu...
Total Annual Compensation: $203.8K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $197.0K
Executive Vice President of Community Banking
Total Annual Compensation: $177.0K
Compensation as of Fiscal Year 2014.

central valley comm bancorp (CVCY) Key Developments

Central Valley Community Bancorp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Central Valley Community Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported diluted earnings per common share of $0.22 compared to $0.24 per diluted common share for the three months ended March 31, 2014. Net interest income before the provision for credit losses was $9,720,000, compared to $10,099,000 for the quarter ended March 31, 2014. Net income was $2,466,000 compared to $2,616,000 a year ago. Net income decreased 5.73%, primarily driven by a decrease in net interest income and an increase in non-interest expenses, offset by an increase in non-interest income in 2015 compared to 2014. Net interest income during the first quarter of 2014 had been positively impacted by the collection of nonaccrual loans totaling $1,618,000, which resulted in a recovery of interest income of $721,000. Annualized return on average equity (ROE) for the quarter ended March 31, 2015 was 7.41%, compared to 8.37% for the quarter ended March 31, 2014. This decrease in ROE reflects a decrease in net income, as well as an increase in capital from an increase in AOCI and an increase in retained earnings. Annualized return on average assets (ROA) was 0.83% and 0.93% for the quarters ended March 31, 2015 and 2014, respectively. The decrease in ROA in the first quarter of 2015 was due to a comparative decrease in net income. Book value per share was $12.24 compared to $11.55 a year ago.

Central Valley Community Bancorp and Central Valley Community Bank Announces Management Changes

James M. Ford, President and Chief Executive Officer of Central Valley Community Bancorp and Central Valley Community Bank announced the promotion of Patrick J. Carman to Executive Vice President, Chief Credit Officer for the company and the bank, effective April 1, 2015. Thomas L. Sommer, the current Executive Vice President, Chief Credit Officer for the company and the Bank, has served in this position since his arrival in 1998. In 2014, he had announced his intent to retire, with April 30, 2015 as the effective date. Carman joined Central Valley Community Bank in November 2008, and has over 42 years of bank credit management experience. In his new role, he will manage the credit administration team and oversee credit quality for the Bank. He actively serves the California Bankers Association and is a member of its Chief Credit Officer Symposium Planning Committee. Sommer joined Central Valley Community Bank in 1998 and has over 31 years of credit management experience. During the month of April, Sommer will work closely with Carman to ensure a smooth transition of responsibilities.

Central Valley Community Bancorp Appoints Carolyn Kutka as Vice President

Central Valley Community Bank announced that it has named Carolyn Kutka as vice president and branch manager of the Fig Garden Village office in Fresno, California located at 5180 North Palm, Suite 105. Kutka brings more than 30 years of professional customer service, management and team development experience to the bank. In her role as Branch Manager, she is responsible for the overall branch management of the Fig Garden Village office, as well as the development of new personal and business banking relationships in the Fresno region.

 

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CVCY:US $11.01 USD -0.015

CVCY Competitors

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Company Last Change
American Business Bank $28.80 USD +0.20
Bank of Commerce Holdings $5.70 USD +0.002
First Northern Community Bancorp $7.64 USD 0.00
FNB Bancorp/CA $28.95 USD 0.00
Pacific Mercantile Bancorp $7.19 USD +0.125
View Industry Companies
 

Industry Analysis

CVCY

Industry Average

Valuation CVCY Industry Range
Price/Earnings 23.6x
Price/Sales 3.0x
Price/Book 0.9x
Price/Cash Flow 23.5x
TEV/Sales 0.8x
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