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

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

Community West Bancshares Stock Performance

NASDAQ CWBC traded down $0.14 on Friday, hitting $18.57. The stock had a trading volume of 23,748 shares, 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 quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.20. The stock has a market cap of $350.42 million, a price-to-earnings ratio of 9.83 and a beta of 0.86. The company’s 50-day moving average is $19.40 and its two-hundred day moving average is $18.58.

Community West Bancshares Dividend Announcement

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

Insiders Place Their Bets

In other Community West Bancshares news, EVP Patrick A. Luis sold 1,650 shares of the company’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 owns 27,586 shares in the company, valued at approximately $534,340.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research note 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 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. According to MarketBeat.com, the stock presently 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.