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

Shares of Community West Bancshares (NASDAQ:CWBC) have earned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $28.1667.

Several brokerages have weighed in on CWBC. Piper Sandler increased their price objective on Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a report on Monday, April 27th. 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. Zacks Research downgraded shares of Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th.

Institutional Investors Weigh In On Community West Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NWM Advisors LLC purchased a new position in Community West Bancshares during the 4th quarter valued at about $730,000. Platform Wealth Management LLC purchased a new position in Community West Bancshares during the 4th quarter valued at about $558,000. Systematic Financial Management LP grew its holdings in Community West Bancshares by 34.1% during the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock valued at $9,267,000 after buying an additional 104,779 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Community West Bancshares by 90.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 70,814 shares of the financial services provider’s stock valued at $1,650,000 after purchasing an additional 33,665 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Community West Bancshares by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock valued at $19,582,000 after purchasing an additional 38,044 shares during the period. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC opened at $24.65 on Wednesday. The stock has a fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $23.42. Community West Bancshares has a 1-year low of $17.84 and a 1-year high of $25.72. The firm has a market cap of $668.75 million, a price-to-earnings ratio of 11.41 and a beta of 0.82. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, beating 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 business had revenue of $38.58 million during the quarter, compared to analyst estimates of $38.23 million. Analysts anticipate that Community West Bancshares will post 2.59 earnings per share for the current year.

Community West Bancshares Dividend Announcement

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

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.