Community West Bancshares Reports Quarterly Earnings, Misses EPS Estimates

Community West Bancshares (NASDAQ:CWBC) released its quarterly earnings results on Thursday, announcing earnings of $0.30 per share for the quarter. This figure fell short of the analysts' consensus estimate of $0.38 per share by $0.08, as reported by Zacks. During the quarter, the company generated revenue of $46.39 million, considerably surpassing the analysts' expectations of $33.21 million. In terms of profitability, Community West Bancshares achieved a net margin of 7.51% and a return on equity of 9.99%.

Community West Bancshares Price Performance

On Friday, Community West Bancshares shares traded down by $0.14, reaching a price of $18.57. The trading volume for the day was 23,748 shares, which is lower than the average trading volume of 49,204 shares. The stock has seen a fifty-two week low of $15.22 and a high of $24.47. Financial metrics indicate a debt-to-equity ratio of 0.20, a current ratio of 0.80, and a quick ratio of 0.80. The company's fifty-day moving average stands at $19.40, while the two-hundred day average is at $18.58. Community West Bancshares has a market capitalization of $350.42 million and a P/E ratio of 9.83, with a beta of 0.86.

Community West Bancshares Announces Dividend

The company has also announced a quarterly dividend, scheduled to be paid on Friday, November 22nd. Shareholders who are on record by Friday, November 8th will receive a dividend of $0.12 per share, leading to an annual dividend total of $0.48, which represents a yield of 2.58%. The ex-dividend date is set for Friday, November 8th, and the current payout ratio 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 on August 2nd at an average price of $19.37, resulting in a total transaction of $31,960.50. Post-sale, Luis holds 27,586 shares in Community West Bancshares, valued at approximately $534,340.82. This transaction reflects no change in their ownership position percentage-wise. The sale was reported to the Securities and Exchange Commission and can be accessed for more details. Corporate insiders maintain a collective ownership of 11.15% of the company’s stock.

Analyst Ratings Changes

Community West Bancshares has been featured in various research assessments. StockNews.com upgraded the company’s shares, changing the rating from