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

Community West Bancshares (NASDAQ:CWBC) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Friday, February 6th will be given a dividend of 0.12 per share by the financial services provider on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 6th.

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 research analysts expect Community West Bancshares to earn $2.41 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 19.9%.

Community West Bancshares Stock Performance

Community West Bancshares stock opened at $23.90 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a market cap of $457.92 million, a P/E ratio of 13.43 and a beta of 0.92. Community West Bancshares has a 1-year low of $15.57 and a 1-year high of $24.36. The firm has a 50-day moving average of $22.79 and a 200-day moving average of $21.45.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Community West Bancshares had a return on equity of 9.10% and a net margin of 17.49%.The company had revenue of $38.30 million for the quarter, compared to the consensus estimate of $38.38 million. Sell-side analysts expect that Community West Bancshares will post 2.15 EPS for the current year.

Institutional Investors Weigh In On Community West Bancshares

Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in shares of Community West Bancshares by 418.3% during the third quarter. First Trust Advisors LP now owns 63,054 shares of the financial services provider’s stock valued at $1,314,000 after acquiring an additional 50,889 shares in the last quarter. Marshall Wace LLP grew its position in Community West Bancshares by 192.6% during the 2nd quarter. Marshall Wace LLP now owns 55,451 shares of the financial services provider’s stock valued at $1,082,000 after purchasing an additional 36,499 shares during the last quarter. Jane Street Group LLC bought a new stake in Community West Bancshares during the 1st quarter valued at about $591,000. Hsbc Holdings PLC purchased a new position in Community West Bancshares in the second quarter worth about $485,000. Finally, Bank of America Corp DE lifted its stake in shares of Community West Bancshares by 195.4% in the second quarter. Bank of America Corp DE now owns 32,651 shares of the financial services provider’s stock worth $637,000 after buying an additional 21,599 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.

About Community West Bancshares

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.