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

Community West Bancshares (NASDAQ:CWBC - Get Free Report) announced a quarterly dividend on Wednesday, July 16th, 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 2.28%. The ex-dividend date of this dividend is Friday, August 1st.

Community West Bancshares has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Research 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 0.2%

NASDAQ:CWBC traded up $0.04 during trading hours on Tuesday, hitting $21.07. 105,939 shares of the company traded hands, compared to its average volume of 53,636. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $401.59 million, a PE ratio of 15.16 and a beta of 0.77. Community West Bancshares has a one year low of $15.57 and a one year high of $22.89. The firm's 50-day simple moving average is $18.98 and its 200-day simple moving average is $18.44.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Piper Sandler reduced 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. DA Davidson increased their target price on shares of Community West Bancshares from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on Community West Bancshares from $19.00 to $22.00 and gave the stock a "market perform" rating in a research report on Friday.

Insider Buying and Selling

In related news, Director Robert Bartlein purchased 2,001 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average price of $17.19 per share, for a total transaction of $34,397.19. Following the transaction, the director directly owned 440,877 shares of the company's stock, valued at $7,578,675.63. This trade represents a 0.46% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 4,368 shares of company stock valued at $74,935. 10.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Community West Bancshares

An institutional investor recently bought a new position in Community West Bancshares stock. Cubist Systematic Strategies LLC acquired a new stake in Community West Bancshares (NASDAQ:CWBC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 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 as of its most recent SEC filing. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

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.