Community West Bancshares (NASDAQ:CWBC) Releases Earnings Results, Misses Expectations By $0.07 EPS

Community West Bancshares (NASDAQ:CWBC) issued its quarterly earnings results on Thursday. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07), Zacks reports. Community West Bancshares had a return on equity of 8.14% and a net margin of 4.53%.

Community West Bancshares Stock Performance

CWBC stock traded up $0.07 during trading on Thursday, hitting $18.87. 32,942 shares of the company’s stock traded hands, compared to its average volume of 40,392. The stock has a fifty day moving average price of $20.20 and a two-hundred day moving average price of $19.73. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a 52 week low of $15.50 and a 52 week high of $24.47. The stock has a market capitalization of $357.59 million, a price-to-earnings ratio of 28.59 and a beta of 0.92.

Insider Activity

In other news, Director Steven D. Mcdonald sold 1,860 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $21.51, for a total transaction of $40,008.60. Following the sale, the director now directly owns 315,531 shares in the company, valued at approximately $6,787,071.81. This represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Bartlein acquired 2,000 shares of Community West Bancshares stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $18.75 per share, with a total value of $37,500.00. Following the transaction, the director now directly owns 433,876 shares in the company, valued at approximately $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,432 shares of company stock valued at $45,616. Company insiders own 11.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective on Community West Bancshares from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

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.