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

Community West Bancshares (NASDAQ:CWBC) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for Community West Bancshares in a report issued on Tuesday, April 23rd. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings of $0.07 per share 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.

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

A number of other brokerages also recently issued reports on CWBC. TheStreet downgraded Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. StockNews.com lowered Community West Bancshares from a “hold” rating to a “sell” rating in a report on Monday. Keefe, Bruyette & Woods dropped their price objective on shares of Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Piper Sandler increased 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 Monday, April 15th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.33.

Community West Bancshares Stock Down 1.6 %

Shares of NASDAQ:CWBC opened at $17.97 on Wednesday. The company has a 50-day moving average price of $16.07 and a 200 day moving average price of $15.16. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Community West Bancshares has a 12 month low of $12.59 and a 12 month high of $24.47. The company has a market cap of $160.11 million, a price-to-earnings ratio of 9.51 and a beta of 0.85.

Hedge Funds Weigh In On Community West Bancshares

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP lifted its stake in shares of Community West Bancshares (NASDAQ:CWBC) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,475 shares of the financial services provider’s stock after acquiring 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. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.67%. This is a boost from Community West Bancshares’s previous quarterly dividend of $0.08. 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.