Community West Bancshares (NASDAQ:CWBC) Price Target Raised to $25.00 at Keefe, Bruyette & Woods

Community West Bancshares (NASDAQ:CWBC) had its price objective raised by research analysts at Keefe, Bruyette & Woods from $23.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 11.01% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a research note on Monday. DA Davidson raised their price objective on Community West Bancshares from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Zacks Research upgraded Community West Bancshares from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.33.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC opened at $22.52 on Wednesday. The firm has a market capitalization of $431.48 million, a P/E ratio of 12.65 and a beta of 0.92. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $22.31 and its two-hundred day simple moving average is $21.06. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $24.36.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Community West Bancshares had a net margin of 17.49% and a return on equity of 9.10%. The firm had revenue of $37.91 million for the quarter, compared to analyst estimates of $36.75 million. As a group, equities analysts anticipate that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its holdings in Community West Bancshares by 21.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 26,497 shares of the financial services provider’s stock valued at $552,000 after buying an additional 4,752 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Community West Bancshares by 75.0% in the third quarter. Two Sigma Investments LP now owns 42,356 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 18,151 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Community West Bancshares during the third quarter valued at about $304,000. BNP Paribas Financial Markets raised its stake in shares of Community West Bancshares by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 7,795 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 3,090 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of 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 worth $41,000 after purchasing an additional 1,709 shares during the period. 33.80% of the stock is owned by hedge funds and other institutional investors.

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.