Community West Bancshares Expected to Post Q2 2024 Earnings of $0.07 Per Share (NASDAQ:CWBC)

Community West Bancshares (NASDAQ:CWBC - Free Report) - Equities research analysts at DA Davidson issued their Q2 2024 earnings estimates for Community West Bancshares in a report issued on Tuesday, April 23rd. DA Davidson analyst G. Tenner anticipates that the financial services provider will earn $0.07 per share for the quarter. The consensus estimate for Community West Bancshares' current full-year earnings is $1.68 per share. DA Davidson also issued estimates for Community West Bancshares' FY2025 earnings at $2.50 EPS.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its earnings results on Friday, January 26th. The financial services provider reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.19). The company had revenue of $11.02 million during the quarter, compared to the consensus estimate of $11.60 million. Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%.

Several other equities research analysts have also issued reports on the stock. TheStreet lowered shares of Community West Bancshares from a "b-" rating to a "c+" rating in a report on Monday, January 29th. StockNews.com downgraded shares of Community West Bancshares from a "hold" rating to a "sell" rating in a research report on Monday. Piper Sandler lifted their target price on shares of Community West Bancshares from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods decreased their price target on Community West Bancshares from $23.00 to $22.00 and set a "market perform" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.33.

Community West Bancshares Stock Performance

CWBC traded down $0.29 during midday trading on Wednesday, reaching $17.97. The company had a trading volume of 47,149 shares, compared to its average volume of 43,246. Community West Bancshares has a 1 year low of $12.59 and a 1 year high of $24.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. The company has a market cap of $160.11 million, a P/E ratio of 9.66 and a beta of 0.85. The business has a 50-day moving average of $15.99 and a two-hundred day moving average of $15.14.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP grew its position in Community West Bancshares (NASDAQ:CWBC - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,475 shares of the financial services provider's stock after acquiring an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned 0.20% of Community West Bancshares worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Community West Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, May 2nd. This is an increase from Community West Bancshares's previous quarterly dividend of $0.08. Community West Bancshares's dividend payout ratio is 25.40%.

Community West Bancshares Company Profile

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.