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

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Wednesday, July 22nd, NASDAQ Dividends reports. Stockholders of record on Friday, August 7th will be given a dividend of 0.12 per share by the financial services provider on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 7th.

Community West Bancshares has increased its dividend payment by an average of 0.0%annually over the last three years. Community West Bancshares has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Community West Bancshares to earn $2.99 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 16.1%.

Community West Bancshares Stock Up 1.3%

Shares of NASDAQ CWBC opened at $25.81 on Wednesday. The company has a 50 day simple moving average of $25.86 and a 200 day simple moving average of $24.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. Community West Bancshares has a 1 year low of $18.50 and a 1 year high of $28.17. The firm has a market cap of $700.23 million, a PE ratio of 13.95 and a beta of 0.80.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.15. The firm had revenue of $48.40 million during the quarter, compared to analysts’ expectations of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 11.35%. On average, research analysts forecast that Community West Bancshares will post 2.38 EPS for the current year.

Institutional Investors Weigh In On Community West Bancshares

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Community West Bancshares by 14.2% in the first quarter. Bank of America Corp DE now owns 43,131 shares of the financial services provider’s stock valued at $1,005,000 after purchasing an additional 5,364 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Community West Bancshares by 33.2% during the 1st quarter. Quantinno Capital Management LP now owns 26,130 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 6,515 shares in the last quarter. Mendon Capital Advisors Corp acquired a new stake in shares of Community West Bancshares in the 1st quarter valued at about $578,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Community West Bancshares by 90.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 70,814 shares of the financial services provider’s stock valued at $1,650,000 after buying an additional 33,665 shares during the period. Finally, Sei Investments Co. increased its position in Community West Bancshares by 159.1% in the 1st quarter. Sei Investments Co. now owns 70,984 shares of the financial services provider’s stock valued at $1,654,000 after buying an additional 43,590 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

About Community West Bancshares

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.