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

Community West Bancshares (NASDAQ:CWBC) announced a quarterly dividend on Wednesday, April 22nd, NASDAQ Dividends reports. Stockholders of record on Friday, May 8th will be given a dividend of 0.12 per share by the financial services provider on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 8th.

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 dividend payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Community West Bancshares to earn $3.00 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 16.0%.

Community West Bancshares Stock Performance

Community West Bancshares stock opened at $23.77 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $455.67 million, a P/E ratio of 11.00 and a beta of 0.82. The stock’s 50 day moving average is $23.35 and its 200 day moving average is $23.00. Community West Bancshares has a twelve month low of $17.50 and a twelve month high of $25.72.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. The company had revenue of $38.58 million for the quarter, compared to the consensus estimate of $38.23 million. Community West Bancshares had a return on equity of 10.60% and a net margin of 20.77%. On average, equities research analysts predict that Community West Bancshares will post 2.59 earnings per share for the current fiscal 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.