Community West Bancshares (NASDAQ:CWBC) Price Target Lowered to $19.00 at Keefe, Bruyette & Woods

Community West Bancshares (NASDAQ:CWBC) had its price target cut by stock analysts at Keefe, Bruyette & Woods from $21.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 18.90% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. DA Davidson dropped their target price on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, January 27th. StockNews.com raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Community West Bancshares Stock Down 0.3 %

Community West Bancshares stock opened at $15.98 on Tuesday. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89. The company’s 50 day simple moving average is $17.88 and its 200 day simple moving average is $19.05. The firm has a market capitalization of $304.59 million, a price-to-earnings ratio of 30.73 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. The business had revenue of $34.79 million for the quarter, compared to the consensus estimate of $35.05 million. As a group, sell-side analysts anticipate that Community West Bancshares will post 2.15 EPS for the current year.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, President Martin E. Plourd sold 7,732 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $19.26, for a total transaction of $148,918.32. Following the transaction, the president now directly owns 82,737 shares in the company, valued at approximately $1,593,514.62. This trade represents a 8.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James J. Kim bought 1,600 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $17.36 per share, with a total value of $27,776.00. Following the acquisition, the chief executive officer now owns 60,178 shares of the company’s stock, valued at $1,044,690.08. The trade was a 2.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 5,805 shares of company stock valued at $104,788. 10.57% of the stock is owned by corporate insiders.

Institutional Trading of Community West Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. Spire Wealth Management bought a new stake in Community West Bancshares in the fourth quarter worth about $27,000. Tower Research Capital LLC TRC raised its stake in Community West Bancshares by 33.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 529 shares during the period. US Bancorp DE purchased a new stake in Community West Bancshares during the fourth quarter valued at about $56,000. BNP Paribas Financial Markets increased its stake in shares of Community West Bancshares by 29.2% in the fourth quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of Community West Bancshares in the fourth quarter valued at approximately $245,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

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.