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

Community West Bancshares (NASDAQ:CWBC) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $28.1667.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a report on Friday, July 10th.

Community West Bancshares Trading Down 0.2%

NASDAQ:CWBC opened at $26.18 on Friday. The firm has a market capitalization of $710.26 million, a P/E ratio of 14.15 and a beta of 0.81. 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 company has a fifty day moving average of $26.12 and a 200 day moving average of $24.82. Community West Bancshares has a 52 week low of $19.78 and a 52 week high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. The firm had revenue of $54.30 million during the quarter, compared to the consensus estimate of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. On average, research analysts predict that Community West Bancshares will post 2.38 earnings per share for the current year.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, August 7th. Community West Bancshares’s dividend payout ratio is currently 25.95%.

Insider Buying and Selling

In other Community West Bancshares news, Director Jagroop Gill purchased 4,770 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $24.88 per share, with a total value of $118,677.60. Following the completion of the purchase, the director directly owned 588,067 shares of the company’s stock, valued at $14,631,106.96. The trade was a 0.82% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 5,374 shares of company stock valued at $133,078 over the last ninety days. Company insiders own 9.03% of the company’s stock.

Institutional Investors Weigh In On Community West Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC raised its holdings in Community West Bancshares by 6.3% in the second quarter. Integrated Wealth Concepts LLC now owns 10,462 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 617 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Community West Bancshares by 3.3% during the 4th quarter. Hsbc Holdings PLC now owns 22,919 shares of the financial services provider’s stock valued at $517,000 after buying an additional 723 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Community West Bancshares by 56.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,188 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,508 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Community West Bancshares during the 1st quarter valued at $38,000. Finally, Legal & General Group Plc purchased a new stake in shares of Community West Bancshares in the 2nd quarter worth about $64,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Community West Bancshares Company Profile

Community West Bancshares is the bank holding company for Community West Bank, a California-based community bank headquartered in Goleta. Through its banking subsidiary, the company provides financial services to businesses, professionals, nonprofit organizations and individual customers.

Community West Bank offers business and personal deposit accounts, commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration loans and residential mortgage products.