Community West Bancshares (CWBC) Projected to Post Quarterly Earnings on Tuesday

Community West Bancshares (NASDAQ:CWBC) will likely be announcing its earnings results before the market opens on Tuesday, July 22nd. Analysts expect the company to announce earnings of $0.49 per share and revenue of $35.90 million for the quarter.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The business had revenue of $34.79 million for the quarter, compared to analysts’ expectations of $35.05 million. Community West Bancshares had a return on equity of 8.06% and a net margin of 6.56%. On average, analysts expect Community West Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Community West Bancshares Price Performance

Community West Bancshares stock opened at $20.91 on Tuesday. The firm has a market cap of $398.57 million, a PE ratio of 32.17 and a beta of 0.77. Community West Bancshares has a 52-week low of $15.57 and a 52-week high of $22.89. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $18.78 and its two-hundred day moving average is $18.41.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, May 2nd. Community West Bancshares’s payout ratio is presently 73.85%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Piper Sandler cut their price target on Community West Bancshares from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods dropped their target price on Community West Bancshares from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd.

Insider Buying and Selling

In related news, Director Robert Bartlein bought 2,001 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $17.19 per share, with a total value of $34,397.19. Following the completion of the transaction, the director directly owned 440,877 shares of the company’s stock, valued at approximately $7,578,675.63. This represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 4,368 shares of company stock worth $74,935 in the last ninety days. Corporate insiders own 10.57% of the company’s stock.

Institutional Trading of Community West Bancshares

A hedge fund recently bought a new stake in Community West Bancshares stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Community West Bancshares (NASDAQ:CWBC) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 11,339 shares of the financial services provider’s stock, valued at approximately $210,000. Cubist Systematic Strategies LLC owned approximately 0.06% of Community West Bancshares as of its most recent filing with the SEC. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

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.