Community West Bancshares - CWBC Stock Forecast, Price & News

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 deposit; and cash management products. It also provides commercial, commercial real estate, consumer, manufactured housing, and small business administration loans, as well as agricultural loans for real estate and operating lines; home equity lines of credit collateralized by residential real estate; single family real estate loans; and installment loans consisting of automobile and general-purpose loans. The company serves small to medium-sized businesses and their owners, professionals, high-net worth individuals, and non-profit organizations. It operates through a network of seven branch banking offices in Goleta, Santa Barbara, Santa Maria, Ventura, San Luis Obispo, Oxnard, and Paso Robles. Community West Bancshares was founded in 1989 and is headquartered in Goleta, California.

Community West Bancshares Stock Up 0.6 %

CWBC opened at $13.60 on Tuesday. Community West Bancshares has a fifty-two week low of $12.75 and a fifty-two week high of $16.55. The business has a 50-day moving average of $13.84 and a 200-day moving average of $13.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 1.13. The company has a market capitalization of $118.09 million, a PE ratio of 9.13 and a beta of 0.78.

Community West Bancshares (NASDAQ:CWBC - Get Rating) last announced its quarterly earnings data on Friday, July 29th. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $12.06 million for the quarter, compared to analyst estimates of $11.90 million. Community West Bancshares had a return on equity of 12.91% and a net margin of 25.78%. Equities research analysts forecast that Community West Bancshares will post 1.48 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 12th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.30 annualized dividend and a dividend yield of 2.21%. Community West Bancshares's dividend payout ratio is currently 20.13%.

Insider Buying and Selling

In other news, Director John D. Illgen sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $13.65, for a total transaction of $47,775.00. Following the transaction, the director now owns 23,886 shares in the company, valued at $326,043.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have purchased 5,748 shares of company stock worth $26,493. Corporate insiders own 22.17% of the company's stock.