Last $10.50 USD
Change Today -0.36 / -3.31%
Volume 8.0K
CVCY On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 2:08 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

central valley comm bancorp (CVCY) Snapshot

Open
$10.95
Previous Close
$10.86
Day High
$10.95
Day Low
$10.34
52 Week High
06/30/14 - $13.90
52 Week Low
01/16/15 - $9.55
Market Cap
115.3M
Average Volume 10 Days
8.0K
EPS TTM
$0.47
Shares Outstanding
11.0M
EX-Date
12/11/14
P/E TM
22.3x
Dividend
$0.20
Dividend Yield
1.90%
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.

central valley comm bancorp (CVCY) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $191.0K
Senior Vice President of Commercial and Busin...
Total Annual Compensation: $197.8K
Senior Vice President, Credit Administrator, ...
Total Annual Compensation: $191.0K
Senior Vice President of Consumer and Retail ...
Total Annual Compensation: $170.0K
Compensation as of Fiscal Year 2013.

central valley comm bancorp (CVCY) Key Developments

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.

Central Valley Community Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Loan Charge-Offs for the Fourth Quarter of 2014

Central Valley Community Bancorp announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the full year, the company reported unaudited consolidated net income available to common shareholders of $5,294,000, and diluted earnings per common share of $0.48 for the year ended December 31, 2014, compared to $8,250,000 and $0.77 per diluted common share for the year ended December 31, 2013. Net income decreased 35.83%, primarily driven by an increase in provision for credit losses offset by an increase in net interest income in 2014 compared to 2013. Annualized return on average equity (ROE) for the year ended December 31, 2014 was 4.06%, compared to 6.89% for the year ended December 31, 2013. The decrease in ROE during the year 2014 reflects a decrease in net income, as well as an increase in capital from an increase in AOCI and an increase in retained earnings as previously discussed. Annualized return on average assets (ROA) was 0.46% and 0.84% for the years ended December 31, 2014 and 2013, respectively. The decrease in ROA is due to a decrease in net income. Net interest income after provision for credit losses was $31.898 million against $33.451 million a year ago. Income before provision for income taxes was $4.724 million against $9.597 million a year ago. Total interest income was $41,039,000 compared to $34,836,000 a year ago. For the quarter ended December 31, 2014, the company reported an unaudited consolidated net loss available to common shareholders of $2,366,000 and diluted loss per common share of $0.22, compared to consolidated net income available to common shareholders of $2,211,000 and $0.19 per diluted share for the same period in 2013. Net income for the immediately trailing quarter ended September 30, 2014 was $2,351,000, or $0.21 per diluted common share. The decrease in net income during the fourth quarter of 2014 compared to the same period in 2013 was primarily driven by an increase in provision for credit losses, partially offset by an increase in net interest income. Annualized return on average equity (ROE) for the fourth quarter of 2014 was (7.06)%, compared to 7.04% for the same period of 2013. The decrease in ROE reflects a decrease in net income, and an increase in capital from the retention of earnings, net of dividends paid, and improvement in unrealized gains on available-for-sale securities recorded in accumulated other comprehensive income (AOCI). Annualized return on average assets (ROA) was (0.80)% for the fourth quarter of 2014 compared to 0.79% for the same period in 2013. This decrease is due to a decrease in net income, along with an increase in average assets. Net interest income after provision for credit losses was $1.620 million against $9.192 million a year ago. Loss before provision for income taxes was $5.116 million against income of $2.619 million a year ago. Book value per share as at December 31, 2014 was $11.93 against $11.00 per share as at December 31, 2013. Total interest income was $10,276,000 compared to $9,539,000 a year ago. During the fourth quarter of 2014, the Company recorded $7,566,000 in net loan charge-offs compared to $524,000 for the same period in 2013.

Central Valley Community Bancorp Names Debra Walker as Vice President and SBA Loan Officer

Central Valley Community Bank, or CVCB, has announced the promotion of Debra Walker as vice president and SBA loan officer. Walker joined Central Valley Community Bank in 2005 as an SBA Assistant, and was promoted to SBA Loan Officer in 2013. In her new role as vice president, Walker is responsible for developing relationships with commercial business customers, managing a portfolio of SBA and commercial loans and lines of credit, and is in charge of supervising and directing the activities of a loan support team.

 

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CVCY Competitors

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Company Last Change
American Business Bank $28.10 USD 0.00
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Industry Analysis

CVCY

Industry Average

Valuation CVCY Industry Range
Price/Earnings 23.2x
Price/Sales 3.0x
Price/Book 0.9x
Price/Cash Flow 23.2x
TEV/Sales 1.0x
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