Community West Bancshares (NASDAQ:CWBC) Releases Earnings Results

Community West Bancshares (NASDAQ:CWBC) issued 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 Price Performance

Shares of Community West Bancshares stock traded down $0.14 on Friday, reaching $18.57. The company’s stock had a trading volume of 23,748 shares, compared to its average volume of 49,204. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $350.42 million, a P/E ratio of 9.83 and a beta of 0.86. The stock has a 50-day moving average price of $19.40 and a 200-day moving average price of $18.58. Community West Bancshares has a 52-week low of $15.22 and a 52-week high of $24.47.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders 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 is currently 25.40%.

Insider Transactions at Community West Bancshares

In related 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 sale, the executive vice president now owns 27,586 shares of the company’s stock, valued at approximately $534,340.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.