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

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be paid 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 is Friday, November 6th.

Community West Bancshares has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

CWBC stock opened at $26.02 on Wednesday. The business has a 50 day moving average price of $26.04 and a 200 day moving average price of $24.93. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. The stock has a market cap of $705.92 million, a price-to-earnings ratio of 16.47 and a beta of 0.86. Community West Bancshares has a fifty-two week low of $20.92 and a fifty-two week high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.66 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 company had revenue of $57.69 million for the quarter, compared to analyst estimates of $56.79 million. Equities research analysts anticipate that Community West Bancshares will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Community West Bancshares

In other news, Director Jagroop Gill bought 4,770 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $24.88 per share, with a total value of $118,677.60. Following the transaction, the director directly owned 588,067 shares in the company, valued at $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 5,374 shares of company stock valued at $133,078. 9.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Community West Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CWBC. BlackRock Inc. acquired a new position in Community West Bancshares in the second quarter valued at $64,110,000. Wellington Management Group LLP raised its holdings in shares of Community West Bancshares by 275.2% in the second quarter. Wellington Management Group LLP now owns 1,136,107 shares of the financial services provider’s stock valued at $30,516,000 after buying an additional 833,312 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Community West Bancshares by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock worth $19,582,000 after buying an additional 38,044 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Community West Bancshares during the second quarter worth about $9,091,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Community West Bancshares during the second quarter worth about $4,039,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

About Community West Bancshares

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.