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

Community West Bancshares (NASDAQ:CWBC) declared a quarterly dividend on Wednesday, July 17th, Zacks reports. Shareholders of record on Friday, August 2nd will be paid a dividend of 0.12 per share by the financial services provider on Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, August 2nd.

Community West Bancshares has increased its dividend by an average of 31.2% annually over the last three years. Community West Bancshares has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Community West Bancshares to earn $2.25 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 21.3%.

Community West Bancshares Stock Performance

CWBC stock opened at $20.74 on Thursday. The business’s fifty day moving average is $18.28 and its 200-day moving average is $16.89. The company has a market cap of $391.36 million, a P/E ratio of 10.97 and a beta of 0.88. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.33. Community West Bancshares has a twelve month low of $13.55 and a twelve month high of $24.47.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Community West Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods lowered their target price on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 22nd. Finally, Piper Sandler lifted their price target on shares of Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.33.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, EVP Anthony Kenneth Ramos acquired 13,400 shares of Community West Bancshares stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $17.25 per share, for a total transaction of $231,150.00. Following the purchase, the executive vice president now directly owns 22,381 shares in the company, valued at approximately $386,072.25. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders acquired 13,881 shares of company stock valued at $239,513. Corporate insiders own 11.15% of the company’s stock.

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.