Community West Bancshares (NASDAQ:CWBC) Reaches New 12-Month High – Time to Buy?

Community West Bancshares (NASDAQ:CWBC) reached a new 52-week high on Tuesday . The company traded as high as $25.99 and last traded at $25.36, with a volume of 447170 shares trading hands. The stock had previously closed at $25.75.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CWBC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th. Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Piper Sandler lifted their price objective on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. DA Davidson reiterated a “buy” rating and issued a $29.00 price objective on shares of Community West Bancshares in a report on Tuesday, April 28th. Finally, Zacks Research downgraded Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Community West Bancshares Stock Performance

The stock has a market cap of $688.02 million, a PE ratio of 11.74 and a beta of 0.82. The company has a fifty day moving average price of $24.04 and a 200 day moving average price of $23.57. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.

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

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, May 8th. Community West Bancshares’s payout ratio is currently 22.22%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. KERR FINANCIAL PLANNING Corp purchased a new position in Community West Bancshares during the 1st quarter valued at about $38,000. Russell Investments Group Ltd. increased its holdings in Community West Bancshares by 623.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,709 shares during the period. Raymond James Financial Inc. purchased a new position in Community West Bancshares during the 2nd quarter valued at about $46,000. Tower Research Capital LLC TRC increased its holdings in 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 during the period. Finally, Farther Finance Advisors LLC increased its holdings in Community West Bancshares by 2,945.9% during the 4th quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 3,270 shares during the period. Hedge funds and other 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.