Community West Bancshares Reports Earnings Results, Falls Short of Estimates

Community West Bancshares (NASDAQ:CWBC) announced its latest quarterly earnings on Thursday. The financial services company reported earnings of $0.30 per share (EPS) for the quarter. This figure was below the consensus estimate of $0.38 per share, resulting in a miss of $0.08, according to Zacks. Additionally, the company reported revenue of $46.39 million for the quarter, significantly exceeding analyst expectations of $33.21 million.

Performance of Community West Bancshares Shares

Following the earnings announcement, shares of Community West Bancshares decreased by $0.14, reaching a price of $18.57 during Friday's trading session. The stock's trading volume stood at 23,748 shares, which is lower than its average volume of 49,204. Over the past year, the stock has seen fluctuations, hitting a low of $15.22 and a high of $24.47. Furthermore, the company holds a debt-to-equity ratio of 0.20 and a current ratio of 0.80. Community West Bancshares also has a market capitalization of $350.42 million, a price-to-earnings (P/E) ratio of 9.83, and a beta of 0.86.

Dividend Announcement by Community West Bancshares

The firm recently declared a quarterly dividend, scheduled for payment on Friday, November 22nd. Shareholders recorded as of Friday, November 8th, will receive a dividend of $0.12 per share. This dividend translates to an annualized figure of $0.48, offering a yield of 2.58%. Notably, the ex-dividend date is also set for Friday, November 8th. The current payout ratio for Community West Bancshares is 25.40%.

Insider Transactions at Community West Bancshares

In related news, executive vice president Patrick A. Luis sold 1,650 shares of the company's stock on August 2nd. The shares were sold at an average price of $19.37, resulting in a total transaction value of $31,960.50. After this sale, the executive now holds 27,586 shares valued at approximately $534,340.82. This sale marks a negligible change in his overall position. The transaction has been duly reported in a filing with the Securities and Exchange Commission. Corporate insiders own about 11.15% of the company's stock.

Changes in Analyst Ratings

Community West Bancshares has been the subject of various research reports. On July 25th, StockNews.com downgraded the stock from a "hold" rating to a "sell" rating. Conversely, Piper Sandler increased their price target from $22.00 to $24.00 and assigned an "overweight" rating in a report released on July 24th. Currently, one research analyst has issued a sell rating, another has given a hold rating, while two analysts have suggested a buy rating for the stock. MarketBeat indicates that the overall consensus rating for Community West Bancshares is "Hold," with an average price target of $20.33.

Company Overview of Community West Bancshares

Community West Bancshares operates as the parent company of Community West Bank, N.A. It provides a variety of financial products and services primarily in California, including deposit accounts such as checking and savings accounts, money market accounts, and fixed-rate certificates of deposit.

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