Community West Bancshares (CWBC) to Release Earnings on Thursday

Community West Bancshares (NASDAQ:CWBC) is scheduled to be posting its quarterly earnings results on Thursday, April 18th.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $22.38 million during the quarter, compared to the consensus estimate of $21.86 million. Community West Bancshares had a net margin of 23.39% and a return on equity of 13.47%. On average, analysts expect Community West Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC traded up $0.09 during trading on Wednesday, hitting $18.24. The company had a trading volume of 35,728 shares, compared to its average volume of 41,381. The company has a market cap of $162.52 million, a P/E ratio of 8.46 and a beta of 0.85. Community West Bancshares has a 52 week low of $12.59 and a 52 week high of $24.47. The business’s 50-day moving average is $15.58 and its 200 day moving average is $14.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 0.65.

Community West Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 9th were issued a $0.08 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.32 annualized dividend and a dividend yield of 1.75%. Community West Bancshares’s dividend payout ratio is currently 22.12%.

Institutional Investors Weigh In On Community West Bancshares

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Community West Bancshares during the fourth quarter worth approximately $2,135,000. Alliancebernstein L.P. boosted its position in shares of Community West Bancshares by 236.6% during the second quarter. Alliancebernstein L.P. now owns 166,162 shares of the financial services provider’s stock worth $2,019,000 after purchasing an additional 116,796 shares in the last quarter. Buckingham Strategic Partners LLC bought a new position in shares of Community West Bancshares during the fourth quarter worth $544,000. Northern Trust Corp boosted its position in shares of Community West Bancshares by 156.3% during the fourth quarter. Northern Trust Corp now owns 25,641 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 15,636 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Community West Bancshares during the first quarter worth $214,000. Institutional investors own 33.80% of the company’s stock.

Wall Street Analyst Weigh In

CWBC has been the topic of several research reports. TheStreet cut Community West Bancshares from a “b-” rating to a “c+” rating in a report on Monday, January 29th. StockNews.com started coverage on shares of Community West Bancshares in a research note on Tuesday, April 2nd. They set a “hold” rating on the stock. Finally, Piper Sandler upped their price target on shares of Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday.

Community West Bancshares Company Profile

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.