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

Key Points

• Community West Bancshares declared a $0.12 quarterly dividend per share, payable November 20 to shareholders of record November 6. The annualized dividend is $0.48, equivalent to a 1.8% yield.
• The dividend appears well covered: the current payout ratio is 22%, and analysts project a 16% payout ratio based on expected next-year earnings.
• Quarterly earnings were $0.66 per share, beating the $0.57 consensus estimate; revenue of $57.69 million also exceeded expectations.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be given a dividend of $0.12 per share by the financial services provider on Friday, November 20th. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 6th.

Community West Bancshares has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Community West Bancshares to earn $3.00 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 16.0%.

Community West Bancshares Stock Down 1.3%

Shares of CWBC opened at $26.02 on Wednesday. The business's 50 day moving average is $26.04 and its 200 day moving average is $24.93. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.12. Community West Bancshares has a 12-month low of $20.92 and a 12-month high of $28.17. The company has a market capitalization of $705.92 million, a PE ratio of 16.47 and a beta of 0.86.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. Community West Bancshares had a return on equity of 11.14% and a net margin of 14.05%. The business had revenue of $57.69 million during the quarter, compared to the consensus estimate of $56.79 million. Research analysts expect that Community West Bancshares will post 2.36 earnings per share for the current fiscal year.

Community West Bancshares Company Profile

Community West Bancshares is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking and financial services primarily to businesses, professionals, nonprofit organizations and individuals.

Community West Bank offers commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration lending and residential mortgage products. Its deposit and business banking services include checking and savings accounts, certificates of deposit, online banking, cash management and other treasury management solutions.

The company serves customers through offices and banking operations focused on California's Central Coast, including the Santa Barbara, Ventura and San Luis Obispo areas.

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