Community West Bancshares Declares $0.12 Quarterly Dividend

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on October 24th. Stockholders who are on record as of November 8th will receive a dividend of $0.12 per share on November 22nd. This equates to an annualized dividend of $0.48, resulting in a dividend yield of 2.58%. The date to watch for shareholders is November 8th, which is the ex-dividend date.

Over the past three years, Community West Bancshares has increased its dividend by an average of 31.2% annually. Currently, the company maintains a dividend payout ratio of 22.6%, indicating that its dividend payments are well-supported by earnings. Analysts project Community West Bancshares will earn $2.16 per share next year, meaning they should continue to comfortably cover their $0.48 annual dividend, with a future payout ratio expected to be around 22.2%.

Recent Stock Performance

On the day of the announcement, CWBC shares fell by $0.14, bringing the trading price down to $18.57. A total of 23,748 shares changed hands, lower than the average volume of 49,204 shares. The company has a market capitalization of $350.42 million, a PE ratio of 9.83, and a beta of 0.86. Over the past year, Community West Bancshares has seen a low of $15.22 and a high of $24.47. Their 50-day moving average stands at $19.40, while the 200-day moving average is $18.58. The company also shows a debt-to-equity ratio of 0.20, with both a quick ratio and current ratio of 0.80.

The last quarterly earnings report from Community West Bancshares was released on July 23rd, where they reported earnings of $0.41 per share. This figure surpassed the consensus estimate, which was a loss of $0.01, by $0.42. The company reported a return on equity of 9.99% and a net margin of 7.51%, with revenues totaling $30.46 million compared to expectations of $37.14 million. Analysts forecast that the company will post earnings of $1.49 per share for the current fiscal year.

Analyst Opinions

Insider Transactions

In related insider activity, EVP Patrick A. Luis sold 1,650 shares of Community West Bancshares stock on August 2nd at an average price of $19.37, resulting in a total transaction of $31,960.50. Following this transaction, the executive vice president retains ownership of 27,586 shares, valued at about $534,340.82. This sale reflects a negligible change in their ownership stake. Insider ownership constitutes approximately 11.15% of the company’s stock.

Company Overview

Community West Bancshares serves as the bank holding company for Community West Bank, N.A., which provides a range of financial services in California. Their offerings include various deposit products such as checking and savings accounts, money market accounts, as well as fixed rate and maturity certificates of deposit, in addition to cash management solutions.

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