Community West Bancshares (NASDAQ:CWBC) Posts Earnings Results, Misses Expectations By $0.02 EPS

Community West Bancshares (NASDAQ:CWBC - Get Free Report) released its quarterly earnings results on Monday. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02), Zacks reports. Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. The firm had revenue of $34.79 million for the quarter, compared to the consensus estimate of $35.05 million.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC traded down $0.01 during mid-day trading on Friday, reaching $17.37. 55,102 shares of the company traded hands, compared to its average volume of 52,351. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89. The firm has a market cap of $331.09 million, a PE ratio of 33.40 and a beta of 0.78. The stock has a fifty day simple moving average of $17.73 and a 200-day simple moving average of $19.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, May 2nd. Community West Bancshares's dividend payout ratio is currently 73.85%.

Insiders Place Their Bets

In related news, President Martin E. Plourd sold 7,732 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $19.26, for a total transaction of $148,918.32. Following the completion of the sale, the president now directly owns 82,737 shares of the company's stock, valued at $1,593,514.62. This represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James J. Kim purchased 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, for a total transaction of $27,776.00. Following the transaction, the chief executive officer now owns 60,178 shares of the company's stock, valued at $1,044,690.08. The trade was a 2.73 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 6,805 shares of company stock worth $121,808 over the last ninety days. Company insiders own 10.57% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CWBC shares. StockNews.com raised shares of Community West Bancshares from a "sell" rating to a "hold" rating in a research note on Monday, January 27th. DA Davidson reduced their price objective on Community West Bancshares from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price objective on Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday. Finally, Piper Sandler cut their target price on Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Tuesday.

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.