Community West Bancshares (NASDAQ:CWBC – Get Free Report) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Stockholders of record on Friday, May 3rd will be paid a dividend of 0.12 per share by the financial services provider on Friday, May 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Community West Bancshares’s previous quarterly dividend of $0.08.
Community West Bancshares has increased its dividend by an average of 31.2% annually over the last three years and has increased its dividend every year for the last 1 years. Community West Bancshares has a dividend payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Community West Bancshares to earn $2.65 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 18.1%.
Community West Bancshares Stock Down 2.0 %
Community West Bancshares stock opened at $17.17 on Wednesday. The company has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $15.33. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Community West Bancshares has a 1-year low of $12.59 and a 1-year high of $24.47. The company has a market cap of $152.98 million, a P/E ratio of 9.08 and a beta of 0.85.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Community West Bancshares
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.
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