Community West Bancshares (NASDAQ:CWBC) Announces Quarterly Earnings Results

Community West Bancshares (NASDAQ:CWBC) released its quarterly earnings data on Thursday. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08), Zacks reports. Community West Bancshares had a net margin of 7.51% and a return on equity of 9.99%. The company had revenue of $46.39 million during the quarter, compared to analyst estimates of $33.21 million.

Community West Bancshares Trading Down 0.7 %

Shares of CWBC traded down $0.14 during mid-day trading on Friday, reaching $18.57. The company had a trading volume of 23,748 shares, compared to its average volume of 49,204. The stock has a market cap of $350.42 million, a price-to-earnings ratio of 9.83 and a beta of 0.86. The firm has a fifty day simple moving average of $19.40 and a 200-day simple moving average of $18.58. Community West Bancshares has a fifty-two week low of $15.22 and a fifty-two week high of $24.47. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

Community West Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.58%. Community West Bancshares’s dividend payout ratio (DPR) is currently 25.40%.

Insider Buying and Selling at Community West Bancshares

In other Community West Bancshares news, EVP Patrick A. Luis sold 1,650 shares of Community West Bancshares stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.37, for a total value of $31,960.50. Following the transaction, the executive vice president now owns 27,586 shares in the company, valued at $534,340.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CWBC. Piper Sandler increased their price target on shares of Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. StockNews.com cut shares of Community West Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Community West Bancshares currently has an average rating of “Hold” and an average target price of $20.33.

Community West Bancshares Company Profile

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.