Community West Bancshares (NASDAQ:CWBC) Announces Quarterly Earnings Results

Community West Bancshares (NASDAQ:CWBC) posted its quarterly earnings data on Thursday. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08), Zacks reports. Community West Bancshares had a net margin of 7.51% and a return on equity of 9.99%. The firm had revenue of $46.39 million for the quarter, compared to the consensus estimate of $33.21 million.

Community West Bancshares Stock Down 0.7 %

Shares of NASDAQ CWBC traded down $0.14 during trading hours on Friday, hitting $18.57. 23,748 shares of the stock were exchanged, compared to its average volume of 49,204. Community West Bancshares has a 12 month low of $15.22 and a 12 month high of $24.47. The firm has a fifty day moving average price of $19.40 and a 200-day moving average price of $18.58. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.20. The company has a market cap of $350.42 million, a PE ratio of 9.83 and a beta of 0.86.

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.58%. Community West Bancshares’s dividend payout ratio is currently 25.40%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of Community West Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. Piper Sandler upped their target price on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.33.

Insider Buying and Selling at Community West Bancshares

In other news, EVP Patrick A. Luis sold 1,650 shares of Community West Bancshares stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.37, for a total transaction of $31,960.50. Following the completion of the sale, the executive vice president now directly owns 27,586 shares in the company, valued at approximately $534,340.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.15% of the stock is owned by insiders.

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.