Community West Bancshares (NASDAQ:CWBC) Receives $28.17 Average PT from Brokerages

Community West Bancshares (NASDAQ:CWBC) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $28.1667.

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. DA Davidson reiterated a “buy” rating and set a $29.00 price objective on shares of Community West Bancshares in a research note on Tuesday, April 28th. Piper Sandler boosted their target price on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CWM LLC grew its holdings in Community West Bancshares by 17.6% during the fourth quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 560 shares during the period. Hsbc Holdings PLC lifted its holdings in Community West Bancshares by 3.3% in the 4th quarter. Hsbc Holdings PLC now owns 22,919 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 723 shares during the last quarter. First Trust Advisors LP lifted its holdings in Community West Bancshares by 7.0% in the 2nd quarter. First Trust Advisors LP now owns 12,165 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 794 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Community West Bancshares by 4.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Community West Bancshares by 75.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,393 shares in the last quarter. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC opened at $25.27 on Thursday. Community West Bancshares has a fifty-two week low of $18.50 and a fifty-two week high of $28.17. The firm’s 50-day simple moving average is $25.66 and its 200 day simple moving average is $24.31. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock has a market cap of $685.58 million, a P/E ratio of 13.66 and a beta of 0.80.

Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. The firm had revenue of $48.40 million during the quarter, compared to analyst estimates of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 11.35%. Equities analysts expect that Community West Bancshares will post 2.6 EPS for the current year.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 7th. Community West Bancshares’s payout ratio is currently 25.95%.

Community West Bancshares Company Profile

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.