Community West Bancshares (NASDAQ:CWBC) Raised to “Hold” at Zacks Research

Community West Bancshares (NASDAQ:CWBC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other analysts also recently commented on CWBC. Weiss Ratings restated a “hold (c+)” rating on shares of Community West Bancshares in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on shares of Community West Bancshares from $19.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, July 18th. Finally, DA Davidson raised their price objective on shares of Community West Bancshares from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Community West Bancshares currently has an average rating of “Hold” and an average target price of $21.67.

Community West Bancshares Trading Down 0.9%

Shares of Community West Bancshares stock opened at $20.93 on Wednesday. The stock has a market capitalization of $400.41 million, a PE ratio of 11.76 and a beta of 0.91. Community West Bancshares has a 1-year low of $15.57 and a 1-year high of $22.89. The company’s fifty day simple moving average is $20.92 and its 200-day simple moving average is $19.38. 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 announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. The firm had revenue of $37.91 million for the quarter, compared to the consensus estimate of $36.75 million. Community West Bancshares had a net margin of 17.49% and a return on equity of 9.26%. As a group, equities analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current year.

Institutional Trading of Community West Bancshares

A number of large investors have recently made changes to their positions in the business. Systematic Financial Management LP increased its holdings in shares of Community West Bancshares by 2.0% in the 2nd quarter. Systematic Financial Management LP now owns 308,375 shares of the financial services provider’s stock worth $6,016,000 after buying an additional 5,940 shares during the last quarter. Cutler Capital Management LLC bought a new stake in shares of Community West Bancshares in the 1st quarter worth about $2,995,000. Wellington Management Group LLP increased its holdings in shares of Community West Bancshares by 70.4% in the 1st quarter. Wellington Management Group LLP now owns 152,187 shares of the financial services provider’s stock worth $2,812,000 after buying an additional 62,854 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Community West Bancshares by 2.6% in the 1st quarter. Victory Capital Management Inc. now owns 56,000 shares of the financial services provider’s stock worth $1,035,000 after buying an additional 1,400 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Community West Bancshares by 192.6% during the 2nd quarter. Marshall Wace LLP now owns 55,451 shares of the financial services provider’s stock worth $1,082,000 after purchasing an additional 36,499 shares during the period. 33.80% of the stock is currently owned by institutional investors.

About Community West Bancshares

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.