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2023-04-14 15:23
Community West Bancshares (NASDAQ:CWBC – Get Rating)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.30 and traded as low as $12.60. Community West Bancshares shares last traded at $12.89, with a volume of 3,052 shares.
The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.80. The business's fifty day moving average is $13.90 and its 200 day moving average is $14.30. The firm has a market capitalization of $113.88 million, a price-to-earnings ratio of 8.48 and a beta of 0.61.
Get Community West Bancshares alerts:Community West Bancshares (NASDAQ:CWBC – Get Rating) last issued its quarterly earnings data on Friday, January 27th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The company had revenue of $12.91 million during the quarter, compared to analysts' expectations of $13.20 million. Community West Bancshares had a return on equity of 12.38% and a net margin of 25.32%. Equities analysts predict that Community West Bancshares will post 1.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Friday, February 10th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.48%. This is a boost from Community West Bancshares's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, February 9th. Community West Bancshares's dividend payout ratio is presently 21.05%.
In other news, Director John D. Illgen sold 2,787 shares of the business's stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $14.72, for a total transaction of $41,024.64. Following the completion of the sale, the director now owns 27,000 shares in the company, valued at $397,440. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 22.17% of the company's stock.
A number of hedge funds have recently modified their holdings of CWBC. Alliancebernstein L.P. bought a new position in Community West Bancshares in the 4th quarter worth about $237,000. M3F Inc. increased its holdings in shares of Community West Bancshares by 6.7% during the fourth quarter. M3F Inc. now owns 308,554 shares of the financial services provider's stock valued at $4,619,000 after acquiring an additional 19,262 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Community West Bancshares by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 152,500 shares of the financial services provider's stock worth $2,283,000 after buying an additional 1,637 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Community West Bancshares by 5.2% in the third quarter. BlackRock Inc. now owns 31,264 shares of the financial services provider's stock worth $437,000 after acquiring an additional 1,556 shares during the period. Finally, State Street Corp raised its stake in shares of Community West Bancshares by 44.9% in the second quarter. State Street Corp now owns 17,252 shares of the financial services provider's stock worth $247,000 after buying an additional 5,343 shares during the period. Institutional investors own 27.47% of the company's stock.
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Community West Bancshares is a bank holding company for Community West Bank, which engages in the provision of financial products and services. Its products and services include checking accounts, savings accounts, money market accounts and fixed rates, fixed maturity certificates of deposits, cash management products, and lending products.
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