Community West Bancshares (NASDAQ:CWBC) Receives $28.17 Average Price Target from Analysts

Shares of Community West Bancshares (NASDAQ:CWBC) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $28.1667.

CWBC has been the subject of a number of analyst reports. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Community West Bancshares in a research report on Friday, July 10th. DA Davidson restated a “buy” rating and set a $29.00 price target on shares of Community West Bancshares in a report on Tuesday, April 28th. Finally, Piper Sandler upped their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a research report on Monday, April 27th.

Community West Bancshares Trading Down 0.4%

Shares of NASDAQ CWBC opened at $25.92 on Monday. Community West Bancshares has a 12 month low of $19.78 and a 12 month high of $28.17. The company has a market cap of $703.24 million, a price-to-earnings ratio of 14.01 and a beta of 0.80. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $26.16 and a 200-day simple moving average of $24.63.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. The business had revenue of $54.30 million during the quarter, compared to analyst estimates of $55.65 million. Community West Bancshares had a return on equity of 10.12% and a net margin of 16.86%. Sell-side analysts predict that Community West Bancshares will post 2.38 EPS for the current year.

Community West Bancshares Dividend Announcement

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

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, Director Jagroop Gill bought 4,770 shares of Community West Bancshares stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $24.88 per share, for a total transaction of $118,677.60. Following the completion of the acquisition, the director directly owned 588,067 shares of the company’s stock, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 5,285 shares of company stock worth $130,770. 9.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CWBC. KERR FINANCIAL PLANNING Corp purchased a new stake in Community West Bancshares in the 1st quarter worth about $38,000. Russell Investments Group Ltd. grew its stake 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 acquiring an additional 1,709 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Community West Bancshares during the 2nd quarter valued at about $46,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 period. Finally, Legal & General Group Plc acquired a new position in shares of Community West Bancshares in the 2nd quarter valued at about $64,000. 33.80% of the stock is owned by institutional investors and hedge funds.

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.