Community West Bancshares (NASDAQ:CWBC) Sets New 12-Month High – Here’s What Happened

Community West Bancshares (NASDAQ:CWBC) reached a new 52-week high on Wednesday . The stock traded as high as $26.19 and last traded at $26.05, with a volume of 19938 shares trading hands. The stock had previously closed at $25.74.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CWBC shares. Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a research report on Friday, March 27th. 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. Finally, DA Davidson restated a “buy” rating and set a $29.00 price objective on shares of Community West Bancshares in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.17.

Community West Bancshares Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $719.76 million, a P/E ratio of 12.28 and a beta of 0.82. The stock’s 50 day moving average is $24.35 and its two-hundred day moving average is $23.71.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $38.58 million for 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, equities analysts predict that Community West Bancshares will post 2.59 EPS for the current year.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders 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 1.8%. The ex-dividend date was Friday, May 8th. Community West Bancshares’s dividend payout ratio is 22.22%.

Institutional Investors Weigh In On Community West Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in CWBC. KERR FINANCIAL PLANNING Corp bought a new stake in Community West Bancshares during the first quarter worth 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 in the last quarter. Raymond James Financial Inc. bought a new position in Community West Bancshares in the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC raised 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 last quarter. Finally, Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 3,270 shares in the last quarter. Institutional investors and hedge funds 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.