Equities Analysts Set Expectations for Community West Bancshares’ Q2 2024 Earnings (NASDAQ:CWBC)

Community West Bancshares (NASDAQ:CWBC) – Research analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of Community West Bancshares in a research note issued to investors on Tuesday, April 23rd. DA Davidson analyst G. Tenner forecasts that the financial services provider will earn $0.07 per share for the quarter. The consensus estimate for Community West Bancshares’ current full-year earnings is $1.90 per share. DA Davidson also issued estimates for Community West Bancshares’ FY2025 earnings at $2.50 EPS.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.19). Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%. The business had revenue of $11.02 million during the quarter, compared to analyst estimates of $11.60 million.

Several other research firms have also commented on CWBC. TheStreet lowered Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods lowered their price objective on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday. Piper Sandler upped their price objective on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, StockNews.com lowered Community West Bancshares from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Community West Bancshares currently has an average rating of “Hold” and a consensus target price of $20.33.

Community West Bancshares Trading Up 3.6 %

Community West Bancshares stock opened at $18.26 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Community West Bancshares has a 12 month low of $12.59 and a 12 month high of $24.47. The stock’s 50 day simple moving average is $15.99 and its two-hundred day simple moving average is $15.14. The firm has a market cap of $162.68 million, a PE ratio of 9.66 and a beta of 0.85.

Community West Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.12 per share. This is a positive change from Community West Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, May 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.63%. Community West Bancshares’s dividend payout ratio (DPR) is 25.40%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP increased its holdings in shares of Community West Bancshares (NASDAQ:CWBC) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,475 shares of the financial services provider’s stock after buying an additional 1,417 shares during the period. Black Maple Capital Management LP owned about 0.20% of Community West Bancshares worth $304,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 33.80% of the stock is currently owned by hedge funds and other 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.