Community West Bancshares (NASDAQ:CWBC) Reaches New 52-Week High – What’s Next?

Community West Bancshares (NASDAQ:CWBC) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $26.19 and last traded at $26.05, with a volume of 19938 shares traded. The stock had previously closed at $25.74.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. DA Davidson reiterated a “buy” rating and set a $29.00 target price on shares of Community West Bancshares in a report on Tuesday, April 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Community West Bancshares in a research report on Friday, March 27th. Finally, Piper Sandler boosted 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. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.17.

Community West Bancshares Stock Up 1.2%

The business’s 50 day moving average is $24.25 and its 200-day moving average is $23.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $706.74 million, a PE ratio of 12.06 and a beta of 0.82.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $38.58 million for the quarter, compared to the consensus estimate of $38.23 million. Community West Bancshares had a net margin of 20.77% and a return on equity of 10.44%. As a group, analysts predict that Community West Bancshares will post 2.59 EPS 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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 8th. Community West Bancshares’s payout ratio is 22.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CWBC. Bank of America Corp DE increased its holdings in shares of Community West Bancshares by 14.2% in the 1st quarter. Bank of America Corp DE now owns 43,131 shares of the financial services provider’s stock valued at $1,005,000 after acquiring an additional 5,364 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Community West Bancshares by 33.2% in the first quarter. Quantinno Capital Management LP now owns 26,130 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 6,515 shares in the last quarter. Mendon Capital Advisors Corp acquired a new position in Community West Bancshares in the first quarter valued at approximately $578,000. Arrowstreet Capital Limited Partnership increased its stake in Community West Bancshares by 90.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 70,814 shares of the financial services provider’s stock valued at $1,650,000 after purchasing an additional 33,665 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Community West Bancshares by 159.1% in the first quarter. Sei Investments Co. now owns 70,984 shares of the financial services provider’s stock valued at $1,654,000 after purchasing an additional 43,590 shares during the last quarter. 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.