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

Community West Bancshares (NASDAQ:CWBCFree Report) – Analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of Community West Bancshares in a research report issued 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.

CWBC has been the subject of several other reports. TheStreet lowered shares of Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods cut their price objective on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Monday. StockNews.com cut Community West Bancshares from a “hold” rating to a “sell” rating in a report on Monday. Finally, Piper Sandler upped their target price on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.33.

Read Our Latest Stock Analysis on Community West Bancshares

Community West Bancshares Price Performance

Shares of NASDAQ:CWBC opened at $18.26 on Wednesday. The company’s fifty day moving average price is $15.99 and its 200-day moving average price is $15.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $162.68 million, a price-to-earnings ratio of 9.66 and a beta of 0.85. Community West Bancshares has a one year low of $12.59 and a one year high of $24.47.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP boosted its stake in Community West Bancshares (NASDAQ:CWBCFree Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,475 shares of the financial services provider’s stock after purchasing an additional 1,417 shares during the period. Black Maple Capital Management LP owned about 0.20% of Community West Bancshares worth $304,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 33.80% of the company’s stock.

Community West Bancshares Increases Dividend

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

Community West Bancshares Company Profile

(Get Free Report)

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.

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