Community West Bancshares (CWBC) to Distribute Quarterly Dividend of $0.12 on August 21st

Community West Bancshares (NASDAQ:CWBC) declared a quarterly dividend on Wednesday, July 22nd, NASDAQ Dividends reports. Stockholders of record on Friday, August 7th will be given a dividend of 0.12 per share by the financial services provider on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 7th.

Community West Bancshares has raised its dividend payment by an average of 0.0%per year over the last three years. Community West Bancshares has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Community West Bancshares to earn $2.99 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 16.1%.

Community West Bancshares Stock Performance

Shares of Community West Bancshares stock opened at $25.81 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average price is $25.86 and its 200-day moving average price is $24.43. The firm has a market cap of $700.23 million, a P/E ratio of 13.95 and a beta of 0.80. Community West Bancshares has a 12 month low of $18.50 and a 12 month high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. The company had revenue of $48.40 million during the quarter, compared to analyst estimates of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 11.35%. On average, equities research analysts expect that Community West Bancshares will post 2.38 earnings per share for the current fiscal year.

Institutional Trading of Community West Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Community West Bancshares in the first quarter valued at about $38,000. Russell Investments Group Ltd. lifted its holdings in shares of Community West Bancshares by 623.7% during the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,709 shares during the period. Raymond James Financial Inc. purchased a new stake in Community West Bancshares in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC boosted its position in Community West Bancshares by 75.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock valued at $63,000 after buying an additional 1,393 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Community West Bancshares by 2,945.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock valued at $76,000 after buying an additional 3,270 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Community West Bancshares Company Profile

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.