Community West Bancshares (NASDAQ:CWBC) Issues Earnings Results, Misses Expectations By $0.08 EPS

Community West Bancshares (NASDAQ:CWBC - Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.08), Zacks reports. Community West Bancshares had a net margin of 7.51% and a return on equity of 9.99%. The company had revenue of $46.39 million for the quarter, compared to analyst estimates of $33.21 million.

Community West Bancshares Price Performance

Shares of Community West Bancshares stock traded down $0.14 during trading 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 stock has a 50-day moving average price of $19.40 and a two-hundred day moving average price of $18.58. The stock has a market capitalization of $350.42 million, a P/E ratio of 9.83 and a beta of 0.86. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. Community West Bancshares has a one year low of $15.22 and a one year high of $24.47.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.58%. Community West Bancshares's dividend payout ratio (DPR) is presently 25.40%.

Insiders Place Their Bets

In other Community West Bancshares news, EVP Patrick A. Luis sold 1,650 shares of the business's 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 transaction, the executive vice president now directly owns 27,586 shares of the company's stock, valued at approximately $534,340.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.15% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com lowered Community West Bancshares from a "hold" rating to a "sell" rating in a research note on Thursday, July 25th. Piper Sandler boosted 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $20.33.

About Community West Bancshares

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.