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

Community West Bancshares (NASDAQ:CWBC - Get Free Report) announced a quarterly dividend on Friday, July 18th, Wall Street Journal reports. Shareholders of record on Friday, August 1st will be given a dividend of 0.12 per share by the financial services provider on Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, August 1st.

Community West Bancshares has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Community West Bancshares to earn $2.41 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 19.9%.

Community West Bancshares Stock Up 0.4%

Community West Bancshares stock traded up $0.09 during mid-day trading on Friday, hitting $20.45. The company had a trading volume of 181,554 shares, compared to its average volume of 53,085. The company has a market capitalization of $389.78 million, a PE ratio of 14.71 and a beta of 0.77. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $22.89. The stock's 50 day moving average price is $18.98 and its two-hundred day moving average price is $18.45.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.08). The business had revenue of $35.67 million for the quarter, compared to the consensus estimate of $35.90 million. Community West Bancshares had a net margin of 13.88% and a return on equity of 7.99%. As a group, sell-side analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert Bartlein bought 2,001 shares of the stock in a transaction on Monday, April 28th. The shares were bought at an average price of $17.19 per share, with a total value of $34,397.19. Following the completion of the acquisition, the director owned 440,877 shares in the company, valued at $7,578,675.63. The trade was a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 4,368 shares of company stock valued at $74,935 over the last 90 days. 10.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Community West Bancshares

A hedge fund recently bought a new stake in Community West Bancshares stock. Cubist Systematic Strategies LLC bought a new position in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,339 shares of the financial services provider's stock, valued at approximately $210,000. Cubist Systematic Strategies LLC owned approximately 0.06% of Community West Bancshares at the end of the most recent quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Community West Bancshares from $19.00 to $22.00 and gave the company a "market perform" rating in a report on Friday. Piper Sandler lowered their target price on Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd.

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.