Community West Bancshares (CWBC) Expected to Announce Quarterly Earnings on Thursday

Community West Bancshares (NASDAQ:CWBC - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect Community West Bancshares to post earnings of $0.47 per share and revenue of $35.05 million for the quarter.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. On average, analysts expect Community West Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Community West Bancshares Trading Up 1.7 %

Shares of Community West Bancshares stock traded up $0.27 during trading on Tuesday, reaching $15.99. 29,467 shares of the stock were exchanged, compared to its average volume of 52,393. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $304.79 million, a price-to-earnings ratio of 30.75 and a beta of 0.78. Community West Bancshares has a 1 year low of $15.57 and a 1 year high of $22.89. The stock's fifty day moving average is $18.14 and its 200 day moving average is $19.11.

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Community West Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Friday, February 7th. Community West Bancshares's dividend payout ratio (DPR) is currently 92.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CWBC. Keefe, Bruyette & Woods dropped their price target on Community West Bancshares from $24.00 to $22.00 and set a "market perform" rating for the company in a research note on Friday, January 24th. StockNews.com raised shares of Community West Bancshares from a "sell" rating to a "hold" rating in a research note on Monday, January 27th. Finally, DA Davidson decreased their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, January 27th.

Insiders Place Their Bets

In other Community West Bancshares news, CEO James J. Kim bought 1,600 shares of the firm's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $17.36 per share, with a total value of $27,776.00. Following the completion of the purchase, the chief executive officer now owns 60,178 shares of the company's stock, valued at approximately $1,044,690.08. This trade represents a 2.73 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Martin E. Plourd sold 7,732 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $19.26, for a total value of $148,918.32. Following the completion of the sale, the president now directly owns 82,737 shares in the company, valued at approximately $1,593,514.62. This represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 5,805 shares of company stock worth $104,788. 11.15% of the stock is owned by corporate insiders.

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.