Community West Bancshares (NASDAQ:CWBC) Stock Has Consensus Target Price of $28.83 According to Analysts

Community West Bancshares (NASDAQ:CWBC) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $28.83.

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Community West Bancshares in a 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. Finally, DA Davidson boosted their target price on shares of Community West Bancshares from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th.

Community West Bancshares Trading Up 2.2%

NASDAQ:CWBC opened at $26.36 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. Community West Bancshares has a one year low of $20.70 and a one year high of $28.17. The company has a market cap of $715.15 million, a PE ratio of 11.14 and a beta of 0.82. The firm has a 50-day moving average of $26.04 and a 200-day moving average of $24.91.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Community West Bancshares had a net margin of 14.05% and a return on equity of 11.14%. The company had revenue of $57.69 million for the quarter, compared to analyst estimates of $56.79 million. As a group, equities research analysts expect that Community West Bancshares will post 2.36 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 6th. Community West Bancshares’s dividend payout ratio (DPR) is currently 30.38%.

Insider Buying and Selling at Community West Bancshares

In other news, Director Jagroop Gill acquired 4,770 shares of the firm’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 acquisition, the director owned 588,067 shares in the company, valued at $14,631,106.96. The trade was a 0.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 5,374 shares of company stock worth $133,078. 9.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Community West Bancshares Company Profile

Community West Bancshares is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking and financial services primarily to businesses, professionals, nonprofit organizations and individuals.

Community West Bank offers commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration lending and residential mortgage products. Its deposit and business banking services include checking and savings accounts, certificates of deposit, online banking, cash management and other treasury management solutions.

The company serves customers through offices and banking operations focused on California’s Central Coast, including the Santa Barbara, Ventura and San Luis Obispo areas.