Community West Bancshares (NASDAQ:CWBC) Posts Earnings Results, Misses Expectations By $0.07 EPS

Community West Bancshares (NASDAQ:CWBC) posted its earnings results on Thursday. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07), Zacks reports. Community West Bancshares had a return on equity of 8.14% and a net margin of 4.53%.

Community West Bancshares Price Performance

Community West Bancshares stock opened at $19.20 on Friday. The company has a market capitalization of $363.84 million, a price-to-earnings ratio of 29.09 and a beta of 0.92. The stock’s 50 day moving average is $20.17 and its 200-day moving average is $19.72. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a 12 month low of $15.50 and a 12 month high of $24.47.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, February 7th. Community West Bancshares’s dividend payout ratio is presently 72.73%.

Insider Activity at Community West Bancshares

In related news, Director Robert Bartlein purchased 2,000 shares of Community West Bancshares stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $18.75 per share, with a total value of $37,500.00. Following the completion of the transaction, the director now directly owns 433,876 shares of the company’s stock, valued at $8,135,175. This represents a 0.46 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven D. Mcdonald sold 9,155 shares of Community West Bancshares stock in a transaction on Friday, December 13th. The shares were sold at an average price of $21.51, for a total value of $196,924.05. Following the completion of the transaction, the director now directly owns 317,391 shares of the company’s stock, valued at $6,827,080.41. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 2,432 shares of company stock worth $45,616 in the last ninety days. 11.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday.

About Community West Bancshares

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposits; and cash management products.