Community West Bancshares Announces Quarterly Dividend of $0.12 (NASDAQ:CWBC)

Community West Bancshares (NASDAQ:CWBC) declared a quarterly dividend on Wednesday, July 17th, Zacks reports. Stockholders of record on Friday, August 2nd will be paid a dividend of 0.12 per share by the financial services provider on Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, August 2nd.

Community West Bancshares has increased its dividend payment by an average of 31.2% per year over the last three years. Community West Bancshares has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Community West Bancshares to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.3%.

Community West Bancshares Price Performance

NASDAQ:CWBC opened at $20.75 on Wednesday. The company has a market capitalization of $391.55 million, a P/E ratio of 10.98 and a beta of 0.88. The business’s 50-day moving average is $18.21 and its 200 day moving average is $16.86. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. Community West Bancshares has a 12 month low of $13.55 and a 12 month high of $24.47.

Insider Buying and Selling

In other news, EVP Anthony Kenneth Ramos acquired 13,400 shares of the business’s stock in a transaction on Friday, June 7th. The shares were acquired at an average price of $17.25 per share, for a total transaction of $231,150.00. Following the completion of the transaction, the executive vice president now directly owns 22,381 shares of the company’s stock, valued at approximately $386,072.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 13,881 shares of company stock worth $239,513 over the last three months. 11.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CWBC. Keefe, Bruyette & Woods cut their target price on shares of Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Monday, April 22nd. StockNews.com downgraded shares of Community West Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. Finally, Piper Sandler increased their price target on shares of Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.33.

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.