Community West Bancshares (CWBC) Scheduled to Post Quarterly Earnings on Thursday

Community West Bancshares (NASDAQ:CWBC) is scheduled to post its quarterly earnings results on Thursday, April 18th.

Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $22.38 million during the quarter, compared to analyst estimates of $21.86 million. Community West Bancshares had a return on equity of 13.47% and a net margin of 23.39%. On average, analysts expect Community West Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Community West Bancshares Trading Up 1.2 %

Shares of CWBC stock traded up $0.21 during trading hours on Wednesday, reaching $18.36. 27,929 shares of the stock traded hands, compared to its average volume of 41,345. The business has a fifty day moving average price of $15.58 and a 200 day moving average price of $14.96. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. Community West Bancshares has a 1-year low of $12.59 and a 1-year high of $24.47. The firm has a market capitalization of $163.59 million, a PE ratio of 8.36 and a beta of 0.85.

Community West Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 9th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, February 8th. Community West Bancshares’s dividend payout ratio is currently 22.12%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CWBC shares. TheStreet downgraded shares of Community West Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. Piper Sandler upped their price objective on shares of Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday. Finally, StockNews.com initiated coverage on Community West Bancshares in a research report on Tuesday, April 2nd. They set a “hold” rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CWBC. Vanguard Group Inc. raised its stake in Community West Bancshares by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 76,894 shares of the financial services provider’s stock worth $1,337,000 after acquiring an additional 4,986 shares in the last quarter. First Manhattan Co. increased its position in shares of Community West Bancshares by 4.6% during the 1st quarter. First Manhattan Co. now owns 42,757 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 1,869 shares in the last quarter. Buckingham Strategic Partners LLC bought a new position in Community West Bancshares during the 4th quarter valued at about $544,000. Northern Trust Corp lifted its holdings in Community West Bancshares by 156.3% during the 4th quarter. Northern Trust Corp now owns 25,641 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 15,636 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Community West Bancshares by 5.2% in the third quarter. BlackRock Inc. now owns 31,264 shares of the financial services provider’s stock valued at $437,000 after buying an additional 1,556 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

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.