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

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.12 per share by the financial services provider on Friday, November 22nd. This represents a $0.48 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, November 8th.

Community West Bancshares has raised its dividend by an average of 31.2% per year over the last three years. Community West Bancshares has a dividend payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Community West Bancshares to earn $2.16 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 22.2%.

Community West Bancshares Stock Down 0.7 %

Shares of CWBC stock traded down $0.14 on Friday, reaching $18.57. 23,748 shares of the company were exchanged, compared to its average volume of 49,204. Community West Bancshares has a one year low of $15.22 and a one year high of $24.47. The company has a market cap of $350.42 million, a price-to-earnings ratio of 9.83 and a beta of 0.86. The company has a 50-day moving average of $19.40 and a 200-day moving average of $18.58. 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 (NASDAQ:CWBC) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.42. The firm had revenue of $30.46 million during the quarter, compared to analysts’ expectations of $37.14 million. Community West Bancshares had a return on equity of 9.99% and a net margin of 7.51%. Analysts anticipate that Community West Bancshares will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWBC has been the subject of several research reports. Piper Sandler lifted their price target on shares of Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Community West Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company 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 the stock in a transaction dated Friday, August 2nd. The shares were 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 $534,340.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.15% 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.