Community West Bancshares (CWBC) Set to Announce Quarterly Earnings on Thursday

Community West Bancshares (NASDAQ:CWBC - Get Free Report) is set to issue its quarterly earnings data on Thursday, April 18th.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). Community West Bancshares had a net margin of 23.39% and a return on equity of 13.47%. The firm had revenue of $22.38 million for the quarter, compared to analysts' expectations of $21.86 million. On average, analysts expect Community West Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Community West Bancshares Trading Up 0.5 %

Community West Bancshares stock traded up $0.09 during midday trading on Wednesday, reaching $18.24. 35,730 shares of the stock traded hands, compared to its average volume of 41,483. The company has a 50-day simple moving average of $15.58 and a two-hundred day simple moving average of $14.96. Community West Bancshares has a 12-month low of $12.59 and a 12-month high of $24.47. The firm has a market cap of $162.52 million, a PE ratio of 8.41 and a beta of 0.85. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34.

Community West Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 9th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, February 8th. Community West Bancshares's dividend payout ratio (DPR) is 22.12%.

Hedge Funds Weigh In On Community West Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada acquired a new position in Community West Bancshares in the fourth quarter valued at approximately $90,000. Jane Street Group LLC purchased a new stake in Community West Bancshares in the first quarter valued at approximately $165,000. Renaissance Technologies LLC purchased a new stake in Community West Bancshares in the first quarter valued at approximately $214,000. Alliancebernstein L.P. purchased a new stake in Community West Bancshares in the fourth quarter valued at approximately $237,000. Finally, State Street Corp lifted its stake in Community West Bancshares by 44.9% in the second quarter. State Street Corp now owns 17,252 shares of the financial services provider's stock valued at $247,000 after buying an additional 5,343 shares during the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CWBC has been the subject of a number of research analyst reports. StockNews.com assumed coverage on Community West Bancshares in a report on Tuesday, April 2nd. They set a "hold" rating for the company. Piper Sandler boosted their price objective on Community West Bancshares from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, TheStreet downgraded Community West Bancshares from a "b-" rating to a "c+" rating in a research report on Monday, January 29th.

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.