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

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Friday, February 6th will be paid a dividend of 0.12 per share by the financial services provider on Friday, February 20th. This represents a c) annualized dividend and a 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. 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 Up 0.5%

Community West Bancshares stock opened at $23.90 on Friday. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $24.36. The stock has a fifty day simple moving average of $22.79 and a two-hundred day simple moving average of $21.45. 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 price-to-earnings ratio of 13.43 and a beta of 0.92.

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 firm had revenue of $38.30 million for the quarter, compared to the consensus estimate of $38.38 million. Equities analysts predict that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. DA Davidson raised their price target on shares of Community West Bancshares from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, December 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a research report on Monday, December 29th. Zacks Research upgraded shares of Community West Bancshares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Community West Bancshares from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $23.33.

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.