Community West Bancshares (NASDAQ:CWBC) Issues Quarterly Earnings Results

Community West Bancshares (NASDAQ:CWBC - Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.08), Zacks reports. Community West Bancshares had a net margin of 13.88% and a return on equity of 7.99%. The company had revenue of $35.67 million for the quarter, compared to the consensus estimate of $35.90 million.

Community West Bancshares Trading Up 0.4%

NASDAQ:CWBC traded up $0.09 during midday trading on Friday, hitting $20.45. 181,554 shares of the company traded hands, compared to its average volume of 53,085. The firm's fifty day moving average is $18.98 and its 200-day moving average is $18.45. Community West Bancshares has a 12-month low of $15.57 and a 12-month high of $22.89. The firm has a market capitalization of $389.78 million, a P/E 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.48 annualized dividend and a yield of 2.35%. Community West Bancshares's payout ratio is presently 73.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on Community West Bancshares from $19.00 to $22.00 and gave the company a "market perform" rating in a research note on Friday. Piper Sandler decreased 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.

Insiders Place Their Bets

In other Community West Bancshares news, Director Robert Bartlein acquired 2,001 shares of the business's 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 transaction, the director directly owned 440,877 shares of the company's stock, valued at $7,578,675.63. The trade was a 0.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders acquired 4,368 shares of company stock worth $74,935. Corporate insiders own 10.57% of the company's stock.

Hedge Funds Weigh In On Community West Bancshares

A hedge fund recently bought a new stake in Community West Bancshares stock. Cubist Systematic Strategies LLC purchased a new position in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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. Hedge funds and other institutional investors own 33.80% 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.