Community West Bancshares (CWBC) To Go Ex-Dividend on November 6th

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be given a dividend of $0.12 per share by the financial services provider on Friday, November 20th. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 6th.

Community West Bancshares has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Community West Bancshares to earn $3.00 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 16.0%.

Community West Bancshares Stock Up 3.5%

Shares of CWBC opened at $26.92 on Wednesday. The business’s 50 day moving average is $26.04 and its 200 day moving average is $24.93. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.12. Community West Bancshares has a 12-month low of $21.12 and a 12-month high of $28.17. The company has a market capitalization of $730.34 million, a PE ratio of 17.04 and a beta of 0.86.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. Community West Bancshares had a net margin of 14.05% and a return on equity of 11.14%. The firm had revenue of $57.69 million for the quarter, compared to analysts’ expectations of $56.79 million. Research analysts expect that Community West Bancshares will post 2.36 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jagroop Gill acquired 4,770 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $24.88 per share, with a total value of $118,677.60. Following the purchase, the director directly owned 588,067 shares of the company’s stock, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders purchased 5,374 shares of company stock valued at $133,078. 9.03% of the stock is owned by company insiders.

Institutional Trading of Community West Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of CWBC. Squarepoint Ops LLC purchased a new position in shares of Community West Bancshares during the 2nd quarter worth about $4,039,000. Wellington Management Group LLP grew its holdings in Community West Bancshares by 275.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,136,107 shares of the financial services provider’s stock valued at $30,516,000 after purchasing an additional 833,312 shares during the last quarter. BlackRock Inc. purchased a new stake in Community West Bancshares in the 2nd quarter worth about $64,110,000. Bank of New York Mellon Corp purchased a new stake in Community West Bancshares in the 2nd quarter worth about $2,601,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Community West Bancshares in the 2nd quarter worth about $9,091,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Company Profile

Community West Bancshares is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking and financial services primarily to businesses, professionals, nonprofit organizations and individuals.

Community West Bank offers commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration lending and residential mortgage products. Its deposit and business banking services include checking and savings accounts, certificates of deposit, online banking, cash management and other treasury management solutions.

The company serves customers through offices and banking operations focused on California’s Central Coast, including the Santa Barbara, Ventura and San Luis Obispo areas.