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

Key Points

• Community West Bancshares announced a quarterly dividend of $0.12 per share, with shareholders of record set to receive payments on November 14th, and an ex-dividend date on October 31st.
• The company has reported strong earnings, exceeding analyst expectations with $0.57 earnings per share last quarter, indicating a solid financial performance and a return on equity of 7.91%.
• Analysts have varied opinions on the stock, with price targets ranging from $20.00 to $24.00 and an average rating of "Hold," reflecting mixed sentiment within the market.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) announced a quarterly dividend on Thursday, October 16th. Investors of record on Friday, October 31st will be paid a dividend of 0.12 per share by the financial services provider on Friday, November 14th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 31st.

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

Shares of CWBC stock opened at $20.19 on Friday. The stock has a market cap of $386.23 million, a price-to-earnings ratio of 14.53 and a beta of 0.91. The business's fifty day moving average is $20.79 and its 200 day moving average is $19.26. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $22.89. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Community West Bancshares had a return on equity of 7.91% and a net margin of 13.88%. Research analysts expect that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. DA Davidson upped their price target on Community West Bancshares from $20.00 to $24.00 and gave the company a "buy" rating in a report on Monday, July 21st. Zacks Research downgraded Community West Bancshares from a "hold" rating to a "strong sell" rating in a report on Tuesday. Weiss Ratings reissued a "hold (c+)" rating on shares of Community West Bancshares in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on Community West Bancshares from $19.00 to $22.00 and gave the company a "market perform" rating in a report on Friday, July 18th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Community West Bancshares has an average rating of "Hold" and a consensus price target of $21.67.

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.

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