Last $6.50 USD
Change Today -0.08 / -1.22%
Volume 9.8K
CWBC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

community west bancshares (CWBC) Snapshot

Open
$6.54
Previous Close
$6.58
Day High
$6.54
Day Low
$6.47
52 Week High
01/21/14 - $8.30
52 Week Low
12/3/13 - $5.68
Market Cap
53.3M
Average Volume 10 Days
9.3K
EPS TTM
$0.85
Shares Outstanding
8.2M
EX-Date
11/6/14
P/E TM
7.6x
Dividend
$0.08
Dividend Yield
0.62%
Current Stock Chart for COMMUNITY WEST BANCSHARES (CWBC)

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community west bancshares (CWBC) Details

Community West Bancshares operates as a bank holding company for Community West Bank, N.A. that provides a range of banking products and services to professionals, small to mid-sized businesses, and individual households in California. The company offers various deposit products; and commercial, commercial real estate, small business administration, single family real estate, manufactured housing, home equity lines of credit, and consumer loans, as well as agricultural loans for real estate and operating lines; and installment loans consisting of automobile and general-purpose loans. It operates five full-service branch banking offices in the cities of Goleta, Santa Barbara, Santa Maria, Ventura, and Westlake Village, California. Community West Bancshares was founded in 1996 and is headquartered in Goleta, California.

122 Employees
Last Reported Date: 03/17/14
Founded in 1996

community west bancshares (CWBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $395.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $274.3K
Chief Credit Officer of Community West Bank a...
Total Annual Compensation: $250.3K
Compensation as of Fiscal Year 2013.

community west bancshares (CWBC) Key Developments

Community West Bancshares Replaces Ernst & Young LLP with McGladrey LLP as Independent Registered Public Accounting Firm for the year ending December 31, 2015

The Board of Directors of Community West Bancshares completed a competitive review process to determine the company's independent registered public accounting firm (public accounting firm) for the year ending December 31, 2015. As a result of this process, on October 30, 2014, the BOD approved the engagement of McGladrey LLP, subject to clearance of McGladrey's internal acceptance process. At the same meeting, the BOD approved the dismissal of Ernst & Young LLP as independent registered public accounting firm of the company, effective upon the completion of the audit of the company's financial statements for the year ending December 31, 2014 and issuance of their report thereon.

Community West Bancshares, Board Meeting, Oct 30, 2014

Community West Bancshares, Board Meeting, Oct 30, 2014. Agenda: To approve the appointment of McGladrey LLP as independent registered public accounting firm for the year ending December 31, 2015; and to approve the dismissal of Ernst & Young LLP as independent registered public accounting firm.

Community West Bancshares Declares Quarterly Common Stock Dividend, Payable on November 28, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Loan Charge-Offs for the Third Quarter of 2014

Community West Bancshares announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per common share. The dividend will be payable November 28, 2014, to common shareholders of record on November 10, 2014. The company also announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $6,903,000 against $7,081,000 a year ago. Net interest income was $6,068,000 against $6,034,000 a year ago. Income before provision for income taxes was $2,919,000 against $2,635,000 a year ago. Net income available to common stockholders was $1,536,000 or $0.18 per diluted share against $2,373,000 or $0.29 per diluted share a year ago. Return on average common equity was 11.86% against 21.91% a year ago. Return on average assets was 1.19% against 1.95% a year ago. Book value per common share was $7.07 as at September 30, 2014, compared to $6.24 a year ago. For the nine months, the company reported total interest income of $20,986,000 against $21,101,000 a year ago. Net interest income was $18,423,000 against $17,727,000 a year ago. Income before provision for income taxes was $8,274,000 against $5,850,000 a year ago. Net income available to common stockholders was $4,226,000 or $0.51 per diluted share against $5,064,000 or $0.60 per diluted share a year ago. Return on average common equity was 11.73% against 18.62% a year ago. Return on average assets was 1.16% against 1.47% a year ago. For the quarter, the company reported net loan charge-offs of $82,000 compared to net loan recoveries of $761,000 a year ago.

 

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Industry Analysis

CWBC

Industry Average

Valuation CWBC Industry Range
Price/Earnings 7.4x
Price/Sales 1.8x
Price/Book 0.9x
Price/Cash Flow 6.7x
TEV/Sales NM Not Meaningful
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