Community West Bancshares (NASDAQ:CWBC) Shareholders to Get $0.12 Quarterly Dividend

Community West Bancshares (NASDAQ:CWBC) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be given a dividend of $0.12 per share by the financial services provider on Friday, November 20th. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 6th.

Community West Bancshares has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Community West Bancshares to earn $3.00 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 16.0%.

Community West Bancshares Trading Down 1.3%

CWBC stock opened at $26.02 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. Community West Bancshares has a twelve month low of $20.92 and a twelve month high of $28.17. The stock has a market capitalization of $705.92 million, a price-to-earnings ratio of 16.47 and a beta of 0.86. The firm’s fifty day simple moving average is $26.04 and its two-hundred day simple moving average is $24.93.

Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The business had revenue of $57.69 million for the quarter, compared to the consensus estimate of $56.79 million. Community West Bancshares had a net margin of 14.05% and a return on equity of 11.14%. As a group, analysts anticipate that Community West Bancshares will post 2.36 earnings per share for the current year.

Insider Buying and Selling

In other Community West Bancshares news, Director Jagroop Gill bought 4,770 shares of Community West Bancshares stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $24.88 per share, for a total transaction of $118,677.60. Following the completion of the purchase, the director directly owned 588,067 shares in the company, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders acquired 5,374 shares of company stock valued at $133,078. Corporate insiders own 9.03% of the company’s stock.

Institutional Trading of Community West Bancshares

A number of large investors have recently made changes to their positions in CWBC. State of Alaska Department of Revenue grew its holdings in shares of Community West Bancshares by 53.3% in the third quarter. State of Alaska Department of Revenue now owns 1,147 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 399 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Community West Bancshares by 6.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,462 shares of the financial services provider’s stock valued at $281,000 after buying an additional 617 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Community West Bancshares by 3.3% during the 4th quarter. Hsbc Holdings PLC now owns 22,919 shares of the financial services provider’s stock valued at $517,000 after buying an additional 723 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Community West Bancshares by 56.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,188 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,508 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Community West Bancshares in the 1st quarter valued at about $38,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

About Community West Bancshares

Community West Bancshares is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking and financial services primarily to businesses, professionals, nonprofit organizations and individuals.

Community West Bank offers commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration lending and residential mortgage products. Its deposit and business banking services include checking and savings accounts, certificates of deposit, online banking, cash management and other treasury management solutions.

The company serves customers through offices and banking operations focused on California’s Central Coast, including the Santa Barbara, Ventura and San Luis Obispo areas.