Community West Bancshares (NASDAQ:CWBC) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Community West Bancshares (NASDAQ:CWBC - Get Free Report) issued its quarterly earnings data on Monday. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02), Zacks reports. Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. The business had revenue of $34.79 million during the quarter, compared to analyst estimates of $35.05 million.

Community West Bancshares Price Performance

NASDAQ CWBC traded down $0.01 during trading on Friday, hitting $17.37. 55,102 shares of the company's stock were exchanged, compared to its average volume of 52,476. The company has a market cap of $331.09 million, a PE ratio of 33.40 and a beta of 0.78. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89. The stock's 50 day moving average price is $17.73 and its two-hundred day moving average price is $19.01.

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, May 2nd. Community West Bancshares's dividend payout ratio (DPR) is presently 73.85%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CWBC shares. DA Davidson cut their price target on Community West Bancshares from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, January 27th. 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. Keefe, Bruyette & Woods decreased their price target on Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, StockNews.com raised shares of Community West Bancshares from a "sell" rating to a "hold" rating in a research report on Monday, January 27th.

Insider Activity

In other news, CEO James J. Kim bought 1,600 shares of the company's stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the transaction, the chief executive officer now owns 60,178 shares of the company's stock, valued at $1,044,690.08. This trade represents a 2.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, President Martin E. Plourd sold 7,732 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $19.26, for a total value of $148,918.32. Following the sale, the president now owns 82,737 shares in the company, valued at approximately $1,593,514.62. This trade represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 6,805 shares of company stock worth $121,808. Corporate insiders own 10.57% of the company's stock.

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.