Last $12.01 USD
Change Today +0.2098 / 1.78%
Volume 1.2K
CVCY On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

central valley comm bancorp (CVCY) Snapshot

Open
$11.98
Previous Close
$11.80
Day High
$12.04
Day Low
$11.98
52 Week High
06/30/14 - $13.90
52 Week Low
08/28/13 - $9.09
Market Cap
131.2M
Average Volume 10 Days
16.8K
EPS TTM
$0.96
Shares Outstanding
10.9M
EX-Date
06/11/14
P/E TM
12.5x
Dividend
$0.20
Dividend Yield
1.67%
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.

268 Employees
Last Reported Date: 08/7/14
Founded in 1979

central valley comm bancorp (CVCY) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $315.0K
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Central Valley Community Bancorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total interest income was $10,195,000 against $7,214,000 a year ago. Net interest income before provision for credit losses was $9,905,000 against $6,878,000 a year ago. Net interest income after provision for credit losses was $10,305,000 against $6,878,000 a year ago. Income before provision for income taxes was $3,615,000 against $1,482,000 a year ago. Net income available to common shareholders was $2,693,000 or $0.24 per diluted share against $1,199,000 or $0.12 per diluted share a year ago. For the total interest income was $20,615,000 against $14,394,000 a year ago. Net interest income before provision for credit losses was $20,004,000 against $13,723,000 a year ago. Net interest income after provision for credit losses was $20,404,000 against $13,723,000 a year ago. Income before provision for income taxes was $6,955,000 against $3,620,000 a year ago. Net income available to common shareholders was $5,309,000 or $0.48 per diluted share against $2,895,000 or $0.30 per basic and diluted share a year ago. Net income increased 72.93%, primarily driven by an increase in net interest income in 2014 compared to 2013. Net interest income during the first six months of 2014 was positively impacted by the collection of nonaccrual loans totaling $1,846,000 which resulted in a recovery of interest income of $861,000.

Central Valley Community Bank Announces Management Changes

Central Valley Community Bank announced the promotion of twelve vice presidents to senior vice presidents as part of the Bank's expanded organizational structure. The company has promoted Patrick Carman to senior vice president, senior credit officer. Carman is responsible for the overall credit quality of the Bank's loan portfolio and leads the Director's Loan Committee. He joined the bank in November 2008 and has over 42 years of bank credit management experience. He actively serves the California Bankers Association and is a member of its Chief Credit Officer Symposium Planning Committee. The company has also promoted Cathy Chatoian to Senior Vice President, Cash Management Team Leader; Terry Crawford to Senior Vice President, Agribusiness Team Leader; Dawn Crusinberry to Senior Vice President, Controller; Daniel Demmers to Senior Vice President, Director of Information Technology; Teresa Gilio to Senior Vice President, Central Operations; Tim Harris to Senior Vice President, Sacramento Private Banking Team Leader; Marci Madsen to Senior Vice President, Human Resources; Jeff Pace to Senior Vice President, Real Estate Team Leader; Renee Savage to Senior Vice President, Loan Servicing; Theodore Thome to Senior Vice President, Mid-Valley Commercial Team Leader; and Jennette Williams to Senior Vice President, Central Valley Commercial Team Leader.

Central Valley Community Bancorp Declares Quarterly Cash Dividend, Payable on June 30, 2014

The Board of Directors of Central Valley Community Bancorp has declared a regular quarterly cash dividend of $0.05 per share on the company's common stock. The dividend is payable on June 30, 2014 to shareholders of record as of June 13, 2014.

 

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CVCY:US $12.01 USD +0.2098

CVCY Competitors

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Company Last Change
American Business Bank $30.60 USD 0.00
FNB Bancorp/CA $28.15 USD 0.00
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Industry Analysis

CVCY

Industry Average

Valuation CVCY Industry Range
Price/Earnings 12.6x
Price/Sales 2.7x
Price/Book 1.0x
Price/Cash Flow 12.3x
TEV/Sales 1.2x
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