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

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

Shares of NASDAQ CWBC opened at $15.99 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $304.79 million, a P/E ratio of 30.75 and a beta of 0.78. Community West Bancshares has a 52-week low of $15.57 and a 52-week high of $22.89. The firm’s fifty day moving average is $18.14 and its two-hundred day moving average is $19.11.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Friday, February 7th. Community West Bancshares’s payout ratio is 92.31%.

Analyst Ratings Changes

CWBC has been the subject of a number of analyst reports. DA Davidson lowered their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a report on Monday, January 27th. StockNews.com upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, 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 for the company in a report on Friday, January 24th.

Insiders Place Their Bets

In other news, President Martin E. Plourd sold 7,732 shares of Community West Bancshares stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $19.26, for a total transaction of $148,918.32. Following the completion of the transaction, the president now directly owns 82,737 shares of the company’s stock, valued at $1,593,514.62. The trade was a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James J. Kim acquired 1,600 shares of the business’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $17.36 per share, with a total value of $27,776.00. Following the acquisition, the chief executive officer now directly owns 60,178 shares of the company’s stock, valued at $1,044,690.08. This represents a 2.73 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 5,805 shares of company stock valued at $104,788. 11.15% of the stock is currently owned by corporate insiders.

Community West Bancshares Company Profile

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.