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

Community West Bancshares (NASDAQ:CWBC) is expected to announce its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $35.05 million for the quarter.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. 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

CWBC stock opened at $15.72 on Tuesday. The company has a 50 day moving average price of $18.21 and a 200 day moving average price of $19.13. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89. The stock has a market capitalization of $299.64 million, a PE ratio of 30.23 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

Community West Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Friday, February 7th. Community West Bancshares’s payout ratio is 92.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. DA Davidson dropped their price objective on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price target 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. Finally, StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Insider Activity

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

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.