Community West Bancshares (CWBC) to Issue Quarterly Dividend of $0.12 on May 22nd

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Wednesday, April 22nd, NASDAQ Dividends reports. Investors of record on Friday, May 8th will be given a dividend of 0.12 per share by the financial services provider on Friday, May 22nd. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 8th.

Community West Bancshares has increased 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% indicating that 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 Stock Performance

Shares of CWBC stock opened at $23.77 on Wednesday. The company has a market cap of $455.67 million, a P/E ratio of 11.00 and a beta of 0.82. The business has a 50 day moving average of $23.35 and a two-hundred day moving average of $23.00. Community West Bancshares has a 52 week low of $17.50 and a 52 week high of $25.72. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. The business had revenue of $38.58 million for the quarter, compared to the consensus estimate of $38.23 million. Community West Bancshares had a return on equity of 10.60% and a net margin of 20.77%. As a group, analysts anticipate that Community West Bancshares will post 2.59 EPS for the current 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.