Community West Bancshares (CWBC) to Release Earnings on Thursday

Community West Bancshares (NASDAQ:CWBC) will likely be releasing its results before the market opens on Thursday, January 22nd. Analysts expect Community West Bancshares to post earnings of $0.57 per share and revenue of $38.3760 million for the quarter.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $37.91 million during the quarter, compared to analyst estimates of $36.75 million. Community West Bancshares had a net margin of 17.49% and a return on equity of 9.10%. On average, analysts expect Community West Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Community West Bancshares Trading Up 0.8%

Shares of NASDAQ:CWBC opened at $22.61 on Thursday. 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 has a 1 year low of $15.57 and a 1 year high of $24.36. The company has a market cap of $433.21 million, a P/E ratio of 12.70 and a beta of 0.92. The stock’s fifty day moving average price is $22.57 and its 200-day moving average price is $21.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CWBC. Cubist Systematic Strategies LLC bought a new stake in shares of Community West Bancshares during the 1st quarter valued at $210,000. Jane Street Group LLC purchased a new position in Community West Bancshares during the first quarter valued at $591,000. JPMorgan Chase & Co. lifted its position in Community West Bancshares by 42.5% during the second quarter. JPMorgan Chase & Co. now owns 21,357 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 6,369 shares in the last quarter. Rhumbline Advisers increased its position in Community West Bancshares by 46.2% in the second quarter. Rhumbline Advisers now owns 25,850 shares of the financial services provider’s stock worth $504,000 after buying an additional 8,173 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Community West Bancshares in the second quarter worth about $485,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CWBC shares. Keefe, Bruyette & Woods upped their target price on shares of Community West Bancshares from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Wednesday, December 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Community West Bancshares in a report on Monday, December 29th. DA Davidson raised their target price on shares of Community West Bancshares from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Zacks Research raised shares of Community West Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $23.33.

About Community West Bancshares

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.