Q2 2024 Earnings Estimate for Community West Bancshares Issued By DA Davidson (NASDAQ:CWBC)

Community West Bancshares (NASDAQ:CWBC) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for Community West Bancshares in a report released on Tuesday, April 23rd. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings per share of $0.07 for the quarter. The consensus estimate for Community West Bancshares’ current full-year earnings is $1.68 per share. DA Davidson also issued estimates for Community West Bancshares’ FY2025 earnings at $2.50 EPS.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%. The company had revenue of $11.02 million during the quarter, compared to the consensus estimate of $11.60 million.

CWBC has been the topic of a number of other research reports. StockNews.com cut Community West Bancshares from a “hold” rating to a “sell” rating in a research report on Monday. Piper Sandler lifted their target price on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods decreased their target price on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, TheStreet cut Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.33.

Community West Bancshares Stock Performance

Community West Bancshares stock opened at $18.00 on Wednesday. Community West Bancshares has a 12-month low of $12.59 and a 12-month high of $24.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $16.14 and its two-hundred day moving average price is $15.18. The stock has a market cap of $160.38 million, a PE ratio of 9.52 and a beta of 0.85.

Community West Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.67%. This is a positive change from Community West Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, May 2nd. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.40%.

Institutional Trading of Community West Bancshares

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP increased its stake in Community West Bancshares (NASDAQ:CWBC) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,475 shares of the financial services provider’s stock after acquiring an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned about 0.20% of Community West Bancshares worth $304,000 at the end of the most recent reporting period. 33.80% of the stock is currently owned by institutional investors.

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.