Community West Bancshares (CWBC) to Issue Quarterly Dividend of $0.12 on November 20th

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be paid a dividend of $0.12 per share by the financial services provider on Friday, November 20th. This represents a $0.48 dividend on an annualized basis and a dividend 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% meaning 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%

Community West Bancshares stock opened at $26.02 on Wednesday. The firm has a market capitalization of $705.92 million, a price-to-earnings ratio of 16.47 and a beta of 0.86. Community West Bancshares has a 52 week low of $20.92 and a 52 week high of $28.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day moving average price of $26.04 and a 200 day moving average price of $24.93.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. Community West Bancshares had a net margin of 14.05% and a return on equity of 11.14%. The company had revenue of $57.69 million for the quarter, compared to analyst estimates of $56.79 million. Research analysts forecast that Community West Bancshares will post 2.36 EPS for the current year.

Insider Transactions at Community West Bancshares

In other news, Director Jagroop Gill bought 4,770 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $24.88 per share, for a total transaction of $118,677.60. Following the transaction, the director owned 588,067 shares of the company’s stock, valued at $14,631,106.96. This represents a 0.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 5,374 shares of company stock worth $133,078 in the last 90 days. Corporate insiders own 9.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its holdings in shares of Community West Bancshares by 53.3% during 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 period. KERR FINANCIAL PLANNING Corp purchased a new position in Community West Bancshares during the 1st quarter worth $38,000. Legal & General Group Plc bought a new position in shares of Community West Bancshares in the second quarter valued at approximately $64,000. PNC Financial Services Group Inc. increased its position in shares of 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 purchasing an additional 1,508 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in Community West Bancshares in the second quarter valued at approximately $198,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Community West Bancshares Company Profile

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.