Community West Bancshares Declares Quarterly Dividend of $0.12 (NASDAQ:CWBC)

Key Points

• Dividend: Community West Bancshares declared a quarterly dividend of $0.12 per share (annualized $0.48), payable May 22 to holders of record on May 8, representing a yield of about 2.0%.
• Quarterly results: The firm beat estimates with Q EPS of $0.61 vs. $0.56 expected and revenue of $38.58M, and its dividend is conservatively covered (payout ratio ~22%).
• Analyst view: The stock has a consensus rating of “Moderate Buy” with a consensus price target of $28.17 and recent price-target upgrades from firms like Piper Sandler and DA Davidson.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) announced a quarterly dividend on Wednesday, April 22nd, NASDAQ Dividends reports. Stockholders of record on Friday, May 8th will be given a dividend of 0.12 per share by the financial services provider on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 8th.

Community West Bancshares has increased its dividend payment by an average of 0.0%annually over the last three years. Community West Bancshares has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Community West Bancshares to earn $3.00 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 16.0%.

Community West Bancshares Price Performance

NASDAQ:CWBC opened at $23.77 on Wednesday. The firm has a market capitalization of $455.67 million, a price-to-earnings ratio of 11.00 and a beta of 0.82. Community West Bancshares has a 1 year low of $17.50 and a 1 year high of $25.72. The business has a 50 day simple moving average of $23.35 and a 200-day simple moving average of $23.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. The business had revenue of $38.58 million during the quarter, compared to analyst estimates of $38.23 million. Community West Bancshares had a return on equity of 10.60% and a net margin of 20.77%. Equities analysts forecast that Community West Bancshares will post 2.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a "buy" rating and issued a $29.00 price objective on shares of Community West Bancshares in a research note on Tuesday, April 28th. Piper Sandler raised their price objective on Community West Bancshares from $30.00 to $30.50 and gave the company an "overweight" rating in a research note on Monday, April 27th. Zacks Research lowered Community West Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 16th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Community West Bancshares in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.17.

Community West Bancshares Company Profile

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company's product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.

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