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

Community West Bancshares (NASDAQ:CWBC) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.1667.

Several analysts have recently weighed in on CWBC shares. Piper Sandler lifted their price objective on shares of Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a research note on Monday, April 27th. DA Davidson reissued a “buy” rating and set a $29.00 target price on shares of Community West Bancshares in a research note on Tuesday, April 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Zacks Research lowered shares of Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th.

Community West Bancshares Trading Up 1.0%

NASDAQ CWBC opened at $24.15 on Wednesday. The business has a 50 day simple moving average of $23.63 and a 200 day simple moving average of $23.34. Community West Bancshares has a one year low of $17.56 and a one year high of $25.72. The stock has a market capitalization of $655.19 million, a P/E ratio of 11.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. The firm had revenue of $38.58 million for the quarter, compared to analyst estimates of $38.23 million. Community West Bancshares had a return on equity of 10.44% and a net margin of 20.77%. Research analysts expect that Community West Bancshares will post 2.59 earnings per share for the current year.

Community West Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, May 8th. Community West Bancshares’s payout ratio is presently 22.22%.

Institutional Inflows and Outflows

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

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.