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

Community West Bancshares (NASDAQ:CWBC) has received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two research 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 issued a report on the stock in the last year is $28.1667.

CWBC has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. DA Davidson reaffirmed a “buy” rating and set a $29.00 target price on shares of Community West Bancshares in a report on Tuesday, April 28th. Finally, Piper Sandler increased their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research report on Monday, April 27th.

Institutional Investors Weigh In On Community West Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp bought a new position in Community West Bancshares in the 1st quarter worth $38,000. Russell Investments Group Ltd. lifted its position in 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 valued at $41,000 after purchasing an additional 1,709 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Community West Bancshares during the second quarter valued at about $46,000. Tower Research Capital LLC TRC grew its holdings in 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 during the period. Finally, Farther Finance Advisors LLC increased its position in Community West Bancshares by 2,945.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock worth $76,000 after buying an additional 3,270 shares in the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Community West Bancshares Stock Down 1.6%

CWBC stock opened at $26.75 on Thursday. The company has a market cap of $725.73 million, a price-to-earnings ratio of 12.38 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50-day moving average is $25.53 and its two-hundred day moving average is $24.24. Community West Bancshares has a fifty-two week low of $18.50 and a fifty-two week high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $38.58 million during the quarter, compared to the consensus estimate of $38.23 million. Community West Bancshares had a return on equity of 10.44% and a net margin of 20.77%. As a group, analysts forecast that Community West Bancshares will post 2.63 earnings per share for the current year.

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.