Community West Bancshares (CWBC) to Issue Quarterly Dividend of $0.12 on August 16th

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Wednesday, July 17th, Zacks reports. Investors 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 annualized dividend 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 payout ratio of 17.9% meaning 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 Up 3.3 %

Shares of NASDAQ:CWBC opened at $20.75 on Wednesday. The firm’s 50 day moving average price is $18.21 and its 200 day moving average price is $16.86. The stock has a market cap of $391.55 million, a price-to-earnings ratio of 10.98 and a beta of 0.88. Community West Bancshares has a fifty-two week low of $13.55 and a fifty-two week high of $24.47. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.33.

Analyst Upgrades and Downgrades

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

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, EVP Anthony Kenneth Ramos bought 13,400 shares of the stock in a transaction dated Friday, June 7th. The shares were acquired at an average cost of $17.25 per share, for a total transaction of $231,150.00. Following the completion of the transaction, the executive vice president now owns 22,381 shares in the company, valued at approximately $386,072.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have acquired 13,881 shares of company stock worth $239,513. Insiders own 11.15% of the company’s stock.

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.