Community West Bancshares (NASDAQ:CWBC) Rating Lowered to Sell at StockNews.com

Community West Bancshares (NASDAQ:CWBC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Several other research analysts have also recently weighed in on CWBC. TheStreet cut Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Piper Sandler boosted their price objective on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods dropped their price target on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.33.

Community West Bancshares Stock Up 3.6 %

Shares of NASDAQ:CWBC opened at $18.26 on Monday. The stock has a market cap of $162.70 million, a price-to-earnings ratio of 9.66 and a beta of 0.85. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. Community West Bancshares has a 12-month low of $12.59 and a 12-month high of $24.47. The business’s 50 day moving average is $15.99 and its 200 day moving average is $15.14.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.19). Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%. The business had revenue of $11.02 million during the quarter, compared to analysts’ expectations of $11.60 million. On average, sell-side analysts forecast that Community West Bancshares will post 1.9 earnings per share for the current fiscal year.

Institutional Trading of Community West Bancshares

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP lifted its stake in shares of Community West Bancshares (NASDAQ:CWBC) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the financial services provider’s stock after purchasing an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned 0.20% of Community West Bancshares worth $304,000 as of its most recent SEC filing. 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.