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

Shares of Community West Bancshares (NASDAQ:CWBC) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $28.1667.

Several research firms recently weighed in on CWBC. Zacks Research cut shares of Community West Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a research note on Friday, March 27th. Piper Sandler raised their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, DA Davidson restated a “buy” rating and set a $29.00 price target on shares of Community West Bancshares in a research note on Tuesday, April 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. CWM LLC raised its stake in shares of Community West Bancshares by 17.6% in the fourth quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 560 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Community West Bancshares by 3.3% in the fourth quarter. Hsbc Holdings PLC now owns 22,919 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 723 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Community West Bancshares by 7.0% in the second quarter. First Trust Advisors LP now owns 12,165 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 794 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Community West Bancshares by 4.1% in the second quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider’s stock valued at $553,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Community West Bancshares by 75.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,393 shares during the last quarter. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Trading Up 1.2%

Shares of NASDAQ:CWBC opened at $24.65 on Wednesday. The company has a market cap of $668.75 million, a P/E ratio of 11.41 and a beta of 0.82. The stock’s 50-day moving average is $23.76 and its 200-day moving average is $23.40. Community West Bancshares has a 52-week low of $17.84 and a 52-week high of $25.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86.

Community West Bancshares (NASDAQ:CWBC) last released its earnings results 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 net margin of 20.77% and a return on equity of 10.44%. The business had revenue of $38.58 million during the quarter, compared to analysts’ expectations of $38.23 million. Equities research analysts predict that Community West Bancshares will post 2.59 earnings per share for the current year.

Community West Bancshares Announces Dividend

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

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.