Community West Bancshares Plans Quarterly Dividend of $0.12 (NASDAQ:CWBC)

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

Community West Bancshares has raised its dividend 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. Equities 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 CWBC 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 firm has a fifty day simple moving average of $25.86 and a two-hundred day simple moving average of $24.43. The firm has a market capitalization of $700.23 million, a PE 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 earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.15. Community West Bancshares had a return on equity of 11.35% and a net margin of 16.86%.The company had revenue of $48.40 million during the quarter, compared to analyst estimates of $55.65 million. Analysts forecast that Community West Bancshares will post 2.38 EPS for the current fiscal year.

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.