Community West Bancshares (NASDAQ:CWBC) to Issue Quarterly Dividend of $0.12

Community West Bancshares (NASDAQ:CWBC) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.12 per share by the financial services provider on Friday, November 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, November 8th.

Community West Bancshares has raised its dividend payment by an average of 31.2% per year over the last three years. Community West Bancshares has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Community West Bancshares to earn $2.08 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 23.1%.

Community West Bancshares Stock Up 1.2 %

NASDAQ:CWBC opened at $18.75 on Wednesday. The stock’s fifty day moving average price is $19.27 and its two-hundred day moving average price is $18.62. The company has a market cap of $355.13 million, a price-to-earnings ratio of 28.41 and a beta of 0.87. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 0.80.

Insider Activity

In other Community West Bancshares news, Director Robert Bartlein purchased 2,000 shares of the stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director now directly owns 433,876 shares of the company’s stock, valued at $8,135,175. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 2,550 shares of company stock valued at $46,097 in the last quarter. Company insiders own 11.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CWBC. StockNews.com lowered 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 target on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Community West Bancshares presently has a consensus rating of “Hold” and an average price target of $20.33.

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.