DA Davidson Cuts Community West Bancshares (NASDAQ:CWBC) Price Target to $24.00

Community West Bancshares (NASDAQ:CWBC) had its price target decreased by DA Davidson from $26.00 to $24.00 in a research report released on Monday,Benzinga reports. DA Davidson currently has a buy rating on the financial services provider’s stock. DA Davidson also issued estimates for Community West Bancshares’ Q1 2025 earnings at $0.46 EPS.

Separately, Keefe, Bruyette & Woods reduced their price objective on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Friday, January 24th.

Community West Bancshares Trading Up 0.1 %

NASDAQ CWBC opened at $19.39 on Monday. The firm’s fifty day moving average price is $20.09 and its 200 day moving average price is $19.75. Community West Bancshares has a 12 month low of $15.50 and a 12 month high of $24.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $367.44 million, a price-to-earnings ratio of 29.38 and a beta of 0.92.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Community West Bancshares had a return on equity of 8.14% and a net margin of 4.53%. On average, sell-side analysts expect that Community West Bancshares will post 1.61 earnings per share for the current fiscal year.

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, February 7th. Community West Bancshares’s dividend payout ratio is presently 72.73%.

Insider Transactions at Community West Bancshares

In related news, Director Robert Bartlein purchased 2,000 shares of Community West Bancshares stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the transaction, the director now owns 433,876 shares in the company, valued at approximately $8,135,175. The trade was a 0.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven D. Mcdonald sold 1,860 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $21.51, for a total value of $40,008.60. Following the completion of the sale, the director now owns 315,531 shares in the company, valued at approximately $6,787,071.81. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 2,432 shares of company stock valued at $45,616. Corporate insiders own 11.15% of the company’s stock.

Hedge Funds Weigh In On Community West Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management purchased a new stake in Community West Bancshares in the 4th quarter valued at approximately $27,000. SG Americas Securities LLC purchased a new stake in shares of Community West Bancshares in the third quarter valued at $132,000. Barclays PLC boosted its stake in shares of Community West Bancshares by 228.5% during the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 15,343 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in Community West Bancshares by 7.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Community West Bancshares in the 3rd quarter valued at about $847,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

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.