Community West Bancshares (CWBC) to Distribute Quarterly Dividend of $0.12 on August 21st

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Wednesday, July 22nd, NASDAQ Dividends reports. Shareholders of record on Friday, August 7th will be given a dividend of 0.12 per share by the financial services provider on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, August 7th.

Community West Bancshares has raised its dividend payment by an average of 0.0%annually over the last three years. Community West Bancshares has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Community West Bancshares to earn $2.99 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 16.1%.

Community West Bancshares Stock Performance

Shares of Community West Bancshares stock opened at $25.73 on Wednesday. The firm has a market cap of $698.05 million, a PE ratio of 13.91 and a beta of 0.80. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. Community West Bancshares has a 52 week low of $18.50 and a 52 week high of $28.17. The business’s fifty day simple moving average is $25.86 and its 200-day simple moving average is $24.43.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. The firm had revenue of $48.40 million during the quarter, compared to the consensus estimate of $55.65 million. Community West Bancshares had a return on equity of 11.35% and a net margin of 16.86%. Equities analysts forecast that Community West Bancshares will post 2.38 earnings per share for the current year.

Community West Bancshares Company Profile

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.