Community West Bancshares (NASDAQ:CWBC) Receives $28.17 Consensus PT from Analysts

Shares of Community West Bancshares (NASDAQ:CWBC) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $28.1667.

A number of equities analysts have recently commented on CWBC shares. DA Davidson reaffirmed a “buy” rating and set a $29.00 price objective on shares of Community West Bancshares in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Piper Sandler upped their price objective on Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Community West Bancshares in a research report on Friday, July 10th.

Hedge Funds Weigh In On Community West Bancshares

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

Community West Bancshares Price Performance

NASDAQ CWBC opened at $25.25 on Thursday. Community West Bancshares has a 1 year low of $18.50 and a 1 year high of $28.17. The company has a fifty day simple moving average of $25.74 and a 200 day simple moving average of $24.35. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The company has a market cap of $685.03 million, a P/E ratio of 13.65 and a beta of 0.80.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.15. The business had revenue of $48.40 million during the quarter, compared to analysts’ expectations of $55.65 million. Community West Bancshares had a return on equity of 11.35% and a net margin of 16.86%. On average, sell-side analysts predict that Community West Bancshares will post 2.46 EPS for the current year.

Community West Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 7th. Community West Bancshares’s dividend payout ratio is presently 25.95%.

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.