Community West Bancshares (CWBC) to Release Quarterly Earnings on Thursday

Community West Bancshares (NASDAQ:CWBC) will be issuing its quarterly earnings data on Thursday, April 18th.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $22.38 million for the quarter, compared to analyst estimates of $21.86 million. Community West Bancshares had a return on equity of 13.47% and a net margin of 23.39%. 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 Trading Up 1.2 %

Shares of NASDAQ:CWBC traded up $0.21 during midday trading on Wednesday, reaching $18.36. The company’s stock had a trading volume of 27,929 shares, compared to its average volume of 41,345. Community West Bancshares has a fifty-two week low of $12.59 and a fifty-two week high of $24.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50 day moving average price of $15.58 and a two-hundred day moving average price of $14.96. The firm has a market capitalization of $163.59 million, a price-to-earnings ratio of 8.36 and a beta of 0.85.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 9th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, February 8th. Community West Bancshares’s payout ratio is 22.12%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Community West Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada acquired a new position in Community West Bancshares during the 4th quarter valued at about $90,000. Jane Street Group LLC purchased a new stake in Community West Bancshares in the 1st quarter valued at $165,000. Renaissance Technologies LLC bought a new position in Community West Bancshares during the 1st quarter valued at $214,000. Alliancebernstein L.P. bought a new position in shares of Community West Bancshares during the fourth quarter valued at about $237,000. Finally, State Street Corp boosted its holdings in Community West Bancshares by 44.9% during the second quarter. State Street Corp now owns 17,252 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 5,343 shares during the last quarter. 33.80% of the stock is 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.