Analysts Set Community West Bancshares (NASDAQ:CWBC) PT at $28.17

Community West Bancshares (NASDAQ:CWBC) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $28.1667.

A number of research firms have recently issued reports on CWBC. DA Davidson reiterated a “buy” rating and issued a $29.00 price objective on shares of Community West Bancshares in a report on Tuesday, April 28th. Piper Sandler boosted their target price on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $25.81 on Monday. The stock has a market cap of $700.23 million, a P/E ratio of 13.95 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’s 50-day moving average price is $26.15 and its two-hundred day moving average price is $24.60. Community West Bancshares has a twelve month low of $19.78 and a twelve month high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last announced its 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 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%. As a group, equities analysts predict that Community West Bancshares will post 2.38 EPS for the current fiscal year.

Community West Bancshares Dividend Announcement

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

Insider Activity

In related news, Director Jagroop Gill acquired 4,770 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were purchased 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 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 SEC, which is available at this link. Insiders bought 5,287 shares of company stock worth $130,256 over the last quarter. 9.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Community West Bancshares

Institutional investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in Community West Bancshares by 17.6% in the 4th quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 560 shares during the last quarter. Hsbc Holdings PLC grew 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 worth $517,000 after purchasing an additional 723 shares during the last quarter. First Trust Advisors LP increased its holdings in Community West Bancshares by 7.0% during the 2nd quarter. First Trust Advisors LP now owns 12,165 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 794 shares during the period. Orion Porfolio Solutions LLC increased its holdings in Community West Bancshares by 4.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 1,111 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Community West Bancshares by 75.5% during 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. 33.80% of the stock is currently 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.