Community West Bancshares (NASDAQ:CWBC) Given New $25.00 Price Target at Keefe, Bruyette & Woods

Community West Bancshares (NASDAQ:CWBC) had its price target lifted by Keefe, Bruyette & Woods from $23.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.01% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Community West Bancshares in a report on Monday. Zacks Research upgraded shares of Community West Bancshares from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. Finally, DA Davidson lifted their target price on Community West Bancshares from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.33.

Community West Bancshares Stock Down 0.5%

NASDAQ CWBC opened at $22.52 on Wednesday. The business has a fifty day moving average price of $22.31 and a two-hundred day moving average price of $21.06. The stock has a market capitalization of $431.48 million, a PE ratio of 12.65 and a beta of 0.92. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $24.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84.

Community West Bancshares (NASDAQ:CWBC) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $37.91 million for the quarter, compared to analysts’ expectations of $36.75 million. Community West Bancshares had a return on equity of 9.10% and a net margin of 17.49%. Equities analysts expect that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community West Bancshares

Several institutional investors have recently bought and sold shares of CWBC. Mercer Global Advisors Inc. ADV lifted its holdings in Community West Bancshares by 21.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 26,497 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 4,752 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Community West Bancshares by 75.0% during the 3rd quarter. Two Sigma Investments LP now owns 42,356 shares of the financial services provider’s stock valued at $883,000 after buying an additional 18,151 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Community West Bancshares during the 3rd quarter valued at $304,000. BNP Paribas Financial Markets lifted its position in shares of Community West Bancshares by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 7,795 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 3,090 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Community West Bancshares by 623.7% in the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,709 shares during the period. Institutional investors own 33.80% of the company’s stock.

About Community West Bancshares

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.