Platform Wealth Management LLC Takes Position in Community West Bancshares $CWBC

Platform Wealth Management LLC acquired a new stake in Community West Bancshares (NASDAQ:CWBC) in the 4th quarter, Holdings Channel reports. The firm acquired 24,791 shares of the financial services provider’s stock, valued at approximately $558,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NWM Advisors LLC purchased a new position in shares of Community West Bancshares in the 4th quarter valued at about $730,000. Systematic Financial Management LP boosted its stake in shares of Community West Bancshares by 34.1% in the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock valued at $9,267,000 after buying an additional 104,779 shares during the period. CWM LLC raised its position in shares of Community West Bancshares by 17.6% during the 4th quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 560 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Community West Bancshares by 2,945.9% during the 4th quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 3,270 shares in the last quarter. Finally, Daytona Street Capital LLC acquired a new stake in shares of Community West Bancshares during the 4th quarter worth about $267,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Analyst Upgrades and Downgrades

CWBC has been the topic of several research analyst reports. DA Davidson reissued a “buy” rating and set a $29.00 target price on shares of Community West Bancshares in a research report on Tuesday, April 28th. Zacks Research lowered Community West Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Wall Street Zen raised Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Community West Bancshares in a research report on Friday, March 27th. Finally, Piper Sandler lifted their price target on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.

Community West Bancshares Trading Down 2.2%

CWBC opened at $23.62 on Thursday. The firm has a market cap of $640.81 million, a price-to-earnings ratio of 10.94 and a beta of 0.82. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $23.69 and its two-hundred day moving average is $23.37. Community West Bancshares has a 52 week low of $17.56 and a 52 week high of $25.72.

Community West Bancshares (NASDAQ:CWBC) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $38.58 million for the quarter, compared to analyst estimates of $38.23 million. Community West Bancshares had a return on equity of 10.44% and a net margin of 20.77%. On average, research analysts predict that Community West Bancshares will post 2.59 EPS for the current year.

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. Community West Bancshares’s payout ratio is presently 22.22%.

Community West Bancshares Profile

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.