Q3 2024 EPS Estimates for Community West Bancshares Lowered by DA Davidson (NASDAQ:CWBC)

Community West Bancshares (NASDAQ:CWBC) – Research analysts at DA Davidson cut their Q3 2024 earnings per share (EPS) estimates for shares of Community West Bancshares in a report released on Thursday, October 3rd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $0.39 per share for the quarter, down from their previous estimate of $0.46. The consensus estimate for Community West Bancshares’ current full-year earnings is $1.42 per share. DA Davidson also issued estimates for Community West Bancshares’ FY2024 earnings at $1.26 EPS and FY2025 earnings at $2.22 EPS.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.42. Community West Bancshares had a return on equity of 9.99% and a net margin of 7.51%. The business had revenue of $30.46 million for the quarter, compared to analyst estimates of $37.14 million.

Other equities analysts have also issued reports about the company. Piper Sandler raised their price target on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com lowered Community West Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. One investment 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. Based on data from MarketBeat.com, Community West Bancshares presently has an average rating of “Hold” and an average target price of $20.33.

Community West Bancshares Price Performance

CWBC opened at $18.01 on Friday. The stock’s 50 day simple moving average is $19.60 and its 200 day simple moving average is $18.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80. Community West Bancshares has a 1 year low of $13.74 and a 1 year high of $24.47. The firm has a market cap of $339.85 million, a price-to-earnings ratio of 9.53 and a beta of 0.86.

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, August 2nd. Community West Bancshares’s dividend payout ratio (DPR) is currently 25.40%.

Insiders Place Their Bets

In other Community West Bancshares news, EVP Patrick A. Luis sold 1,650 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $19.37, for a total value of $31,960.50. Following the completion of the sale, the executive vice president now owns 27,586 shares in the company, valued at approximately $534,340.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.15% of the company’s stock.

Institutional Investors Weigh In On Community West Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Bfsg LLC purchased a new position in shares of Community West Bancshares in the 2nd quarter valued at approximately $82,000. Acadian Asset Management LLC purchased a new position in shares of Community West Bancshares in the 2nd quarter valued at approximately $106,000. SG Americas Securities LLC purchased a new position in shares of Community West Bancshares in the 3rd quarter valued at approximately $132,000. Bridgewealth Advisory Group LLC purchased a new position in shares of Community West Bancshares in the 2nd quarter valued at approximately $226,000. Finally, Private Wealth Advisors LLC purchased a new position in shares of Community West Bancshares in the 2nd quarter valued at approximately $267,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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.