Community West Bancshares (NASDAQ:CWBC) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

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

Community West Bancshares Trading Up 2.8%

Shares of Community West Bancshares stock traded up $0.58 during mid-day trading on Monday, hitting $21.03. The stock had a trading volume of 108,014 shares, compared to its average volume of 53,352. Community West Bancshares has a 12-month low of $15.57 and a 12-month high of $22.89. The firm has a market cap of $400.83 million, a P/E ratio of 15.18 and a beta of 0.77. 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 firm has a 50-day moving average of $18.98 and a two-hundred day moving average of $18.44.

Community West Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, August 1st. Community West Bancshares's dividend payout ratio (DPR) is currently 34.53%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Piper Sandler dropped their target price on Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson raised their target price on shares of Community West Bancshares from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Community West Bancshares from $19.00 to $22.00 and gave the company a "market perform" rating in a research report on Friday.

Insider Buying and Selling

In other Community West Bancshares news, Director Robert Bartlein purchased 2,001 shares of the stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $17.19 per share, for a total transaction of $34,397.19. Following the purchase, the director owned 440,877 shares of the company's stock, valued at approximately $7,578,675.63. This represents a 0.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders acquired 4,368 shares of company stock worth $74,935. 10.57% of the stock is owned by corporate insiders.

Institutional Trading of Community West Bancshares

A hedge fund recently bought a new stake in Community West Bancshares stock. Jane Street Group LLC bought a new stake in Community West Bancshares (NASDAQ:CWBC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,982 shares of the financial services provider's stock, valued at approximately $591,000. Jane Street Group LLC owned 0.17% of Community West Bancshares at the end of the most recent reporting period. Institutional investors and hedge funds 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.