Community West Bancshares (CWBC) Expected to Announce Quarterly Earnings on Thursday

Community West Bancshares (NASDAQ:CWBC) will likely be posting its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect Community West Bancshares to post earnings of $0.47 per share and revenue of $35.05 million for the quarter.

Community West Bancshares (NASDAQ:CWBC) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. 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 Stock Performance

NASDAQ:CWBC opened at $15.99 on Wednesday. The business’s 50-day moving average price is $18.14 and its two-hundred day moving average price is $19.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The stock has a market cap of $304.79 million, a P/E ratio of 30.75 and a beta of 0.78. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $22.89.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.00%. Community West Bancshares’s dividend payout ratio is 92.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CWBC. StockNews.com raised Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 27th. DA Davidson decreased their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Friday, January 24th.

Insider Buying and Selling at Community West Bancshares

In other news, President Martin E. Plourd sold 7,732 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $19.26, for a total value of $148,918.32. Following the transaction, the president now directly owns 82,737 shares in the company, valued at $1,593,514.62. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO James J. Kim purchased 1,600 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $17.36 per share, with a total value of $27,776.00. Following the completion of the purchase, the chief executive officer now owns 60,178 shares in the company, valued at approximately $1,044,690.08. This trade represents a 2.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 5,805 shares of company stock worth $104,788. Insiders own 11.15% of the company’s stock.

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.