Community West Bancshares (NASDAQ:CWBC) Price Target Lowered to $22.00 at Keefe, Bruyette & Woods

Community West Bancshares (NASDAQ:CWBC) had its price objective trimmed by Keefe, Bruyette & Woods from $23.00 to $22.00 in a research report released on Monday, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. StockNews.com assumed coverage on Community West Bancshares in a research note on Tuesday, April 2nd. They issued a hold rating on the stock. Piper Sandler increased their price target on Community West Bancshares from $22.00 to $24.00 and gave the stock an overweight rating in a research note on Monday, April 15th. Finally, TheStreet cut Community West Bancshares from a b- rating to a c+ rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Community West Bancshares has an average rating of Hold and a consensus target price of $20.33.

Community West Bancshares Price Performance

Community West Bancshares stock opened at $17.62 on Monday. Community West Bancshares has a 52 week low of $12.59 and a 52 week high of $24.47. The company’s 50 day moving average price is $15.90 and its two-hundred day moving average price is $15.11. The stock has a market cap of $156.99 million, a P/E ratio of 9.32 and a beta of 0.85. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). The business had revenue of $11.02 million during the quarter, compared to the consensus estimate of $11.60 million. Community West Bancshares had a net margin of 20.04% and a return on equity of 11.58%. On average, equities analysts predict that Community West Bancshares will post 1.9 earnings per share for the current year.

Community West Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a $0.12 dividend. This is a positive change from Community West Bancshares’s previous quarterly dividend of $0.08. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, May 2nd. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.40%.

Institutional Trading of Community West Bancshares

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP raised its stake in shares of Community West Bancshares (NASDAQ:CWBC) by 8.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,475 shares of the financial services provider’s stock after buying an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned about 0.20% of Community West Bancshares worth $304,000 at the end of the most recent reporting period. 33.80% of the stock is currently owned by institutional investors.

About Community West Bancshares

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposits; and cash management products.