Community West Bancshares (NASDAQ:CWBC) Receives Consensus Rating of “Moderate Buy” from Analysts

Community West Bancshares (NASDAQ:CWBC) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.3333.

Several equities analysts have recently commented on CWBC shares. 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. DA Davidson boosted their price objective on shares of Community West Bancshares from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a research note on Monday.

Institutional Trading of Community West Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in shares of Community West Bancshares by 623.7% during the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,709 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Community West Bancshares in the 2nd quarter worth about $46,000. PNC Financial Services Group Inc. raised its position in Community West Bancshares by 28.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,565 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 565 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Community West Bancshares by 75.5% during the second 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. Finally, CWM LLC grew its holdings in shares of Community West Bancshares by 255.4% during the third quarter. CWM LLC now owns 3,184 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 2,288 shares during the last quarter. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $22.64 on Wednesday. The company has a market cap of $433.78 million, a price-to-earnings ratio of 12.72 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 quick ratio of 0.84 and a current ratio of 0.84. The stock has a fifty day moving average price of $22.12 and a 200-day moving average price of $20.91.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Community West Bancshares had a return on equity of 9.10% and a net margin of 17.49%.The business had revenue of $37.91 million during the quarter, compared to the consensus estimate of $36.75 million. As a group, equities analysts anticipate that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, October 31st. Community West Bancshares’s dividend payout ratio (DPR) is presently 26.97%.

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.