Community West Bancshares to Post Q2 2024 Earnings of $0.07 Per Share, DA Davidson Forecasts (NASDAQ:CWBC)

Community West Bancshares (NASDAQ:CWBC) – DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Community West Bancshares in a research report issued on Tuesday, April 23rd. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings per share of $0.07 for the quarter. The consensus estimate for Community West Bancshares’ current full-year earnings is $1.68 per share. DA Davidson also issued estimates for Community West Bancshares’ FY2025 earnings at $2.50 EPS.

CWBC has been the topic of a number of other research reports. Piper Sandler upped 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 note on Monday, April 15th. StockNews.com downgraded Community West Bancshares from a “hold” rating to a “sell” rating in a research note on Monday. Keefe, Bruyette & Woods decreased their price objective on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday. Finally, TheStreet downgraded Community West Bancshares from a “b-” rating to a “c+” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.33.

Community West Bancshares Price Performance

Shares of CWBC opened at $17.97 on Wednesday. The company’s 50-day moving average is $16.07 and its 200-day moving average is $15.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $160.11 million, a PE ratio of 9.51 and a beta of 0.85. Community West Bancshares has a fifty-two week low of $12.59 and a fifty-two week high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.19). Community West Bancshares had a net margin of 20.04% and a return on equity of 11.58%. The business had revenue of $11.02 million for the quarter, compared to analyst estimates of $11.60 million.

Institutional Trading of Community West Bancshares

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP boosted its holdings in Community West Bancshares (NASDAQ:CWBC) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,475 shares of the financial services provider’s stock after buying an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned approximately 0.20% of Community West Bancshares worth $304,000 at the end of the most recent reporting period. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Community West Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.67%. This is an increase from Community West Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, May 2nd. Community West Bancshares’s payout ratio is presently 25.40%.

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.