Community West Bancshares (CWBC) – What Are Brokerages Saying About This Stock?

Community West Bancshares (NASDAQ:CWBC) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $28.17.

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a research report on Tuesday, October 6th. Benchmark upgraded shares of Community West Bancshares to a “strong-buy” rating in a research note on Wednesday, September 23rd.

Insider Buying and Selling at Community West Bancshares

In other Community West Bancshares news, Director Jagroop Gill bought 4,770 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $24.88 per share, for a total transaction of $118,677.60. Following the transaction, the director directly owned 588,067 shares in the company, valued at approximately $14,631,106.96. This represents a 0.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 5,374 shares of company stock worth $133,078 in the last quarter. Insiders own 9.03% of the company’s stock.

Institutional Trading of Community West Bancshares

A number of large investors have recently bought and sold shares of CWBC. BlackRock Inc. bought a new stake in Community West Bancshares during the 2nd quarter valued at $64,110,000. Wellington Management Group LLP lifted its holdings in Community West Bancshares by 275.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,136,107 shares of the financial services provider’s stock worth $30,516,000 after purchasing an additional 833,312 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Community West Bancshares in the 2nd quarter worth about $9,091,000. Squarepoint Ops LLC purchased a new position in Community West Bancshares during the 2nd quarter valued at about $4,039,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Community West Bancshares in the second quarter worth about $2,896,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Community West Bancshares Stock Up 1.1%

Community West Bancshares stock opened at $26.00 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.12. Community West Bancshares has a 1-year low of $19.78 and a 1-year high of $28.17. The company has a fifty day simple moving average of $26.03 and a 200 day simple moving average of $25.26. The company has a market cap of $705.41 million, a P/E ratio of 14.05 and a beta of 0.82.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. The business had revenue of $54.30 million for 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%. Research analysts anticipate that Community West Bancshares will post 2.38 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

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

About Community West Bancshares

Community West Bancshares (NASDAQ:CWBC) is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking services to individuals, businesses, nonprofit organizations and professional practices.

Community West Bank focuses on relationship-based commercial banking and offers business checking and savings accounts, commercial and industrial lending, commercial real estate loans, construction financing, small business loans, agricultural lending, residential real estate loans and consumer banking products.