Community West Bancshares (NASDAQ:CWBC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Community West Bancshares (NASDAQ:CWBC) had its target price increased by investment analysts at Keefe, Bruyette & Woods from $21.00 to $24.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 9.74% from the stock’s current price.

Community West Bancshares Stock Down 0.0 %

Shares of CWBC stock traded down $0.01 on Wednesday, hitting $21.87. 8,991 shares of the stock were exchanged, compared to its average volume of 50,346. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The firm has a market capitalization of $414.44 million, a P/E ratio of 33.14 and a beta of 0.90. The business has a 50-day moving average of $19.62 and a 200 day moving average of $19.12.

Insider Transactions at Community West Bancshares

In related news, Director Robert Bartlein purchased 2,000 shares of Community West Bancshares stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $18.75 per share, with a total value of $37,500.00. Following the completion of the transaction, the director now directly owns 433,876 shares of the company’s stock, valued at $8,135,175. This represents a 0.46 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 2,432 shares of company stock worth $45,616 over the last quarter. Company insiders own 11.15% of the company’s stock.

Institutional Trading of Community West Bancshares

Large investors have recently modified their holdings of the stock. Systematic Financial Management LP bought a new stake in Community West Bancshares during the second quarter worth about $4,842,000. Victory Capital Management Inc. bought a new stake in shares of Community West Bancshares during the 3rd quarter worth approximately $847,000. Private Management Group Inc. boosted its position in shares of Community West Bancshares by 5.3% during the 2nd quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider’s stock worth $10,313,000 after acquiring an additional 27,967 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Community West Bancshares during the 2nd quarter worth approximately $1,770,000. Finally, LSV Asset Management bought a new position in Community West Bancshares in the second quarter valued at approximately $1,507,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Community West Bancshares Company Profile

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.