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

Community West Bancshares (NASDAQ:CWBC - Get Free Report) declared 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 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, November 8th.

Community West Bancshares has raised its dividend payment by an average of 31.2% annually over the last three years. Community West Bancshares has a payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.7 %

Shares of CWBC stock traded down $0.14 during trading hours on Friday, reaching $18.57. The company's stock had a trading volume of 23,748 shares, compared to its average volume of 49,204. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $350.42 million, a P/E ratio of 9.83 and a beta of 0.86. The firm's fifty day simple moving average is $19.40 and its 200 day simple moving average is $18.58. Community West Bancshares has a one year low of $15.22 and a one year high of $24.47.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.42. The firm had revenue of $30.46 million during the quarter, compared to analyst estimates of $37.14 million. Community West Bancshares had a return on equity of 9.99% and a net margin of 7.51%. Equities research analysts expect that Community West Bancshares will post 1.49 EPS for the current year.

Insider Buying and Selling at Community West Bancshares

In other news, EVP Patrick A. Luis sold 1,650 shares of the business's stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.37, for a total transaction of $31,960.50. Following the sale, the executive vice president now directly owns 27,586 shares of the company's stock, valued at $534,340.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CWBC shares. StockNews.com cut shares of Community West Bancshares from a "hold" rating to a "sell" rating in a report on Thursday, July 25th. Piper Sandler upped their price objective on Community West Bancshares from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently 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.