Community West Bancshares (NASDAQ:CWBC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Community West Bancshares (NASDAQ:CWBC) have earned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.1667.

A number of research analysts recently issued reports on CWBC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th. Wall Street Zen raised Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. DA Davidson restated a “buy” rating and set a $29.00 target price on shares of Community West Bancshares in a report on Tuesday, April 28th. Zacks Research lowered Community West Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Piper Sandler lifted their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a report on Monday, April 27th.

Hedge Funds Weigh In On Community West Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in Community West Bancshares in the first quarter worth about $210,000. Jane Street Group LLC purchased a new position in shares of Community West Bancshares during the 1st quarter worth approximately $591,000. JPMorgan Chase & Co. raised its position in shares of Community West Bancshares by 42.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,357 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 6,369 shares in the last quarter. Rhumbline Advisers raised its position in shares of Community West Bancshares by 46.2% in the 2nd quarter. Rhumbline Advisers now owns 25,850 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 8,173 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Community West Bancshares in the 2nd quarter valued at approximately $485,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $25.61 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. Community West Bancshares has a fifty-two week low of $17.98 and a fifty-two week high of $25.72. The firm has a market cap of $694.80 million, a PE ratio of 11.86 and a beta of 0.82. The business has a 50 day moving average price of $23.85 and a 200-day moving average price of $23.47.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping 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 net margin of 20.77% and a return on equity of 10.44%. Equities research analysts predict that Community West Bancshares will post 2.59 earnings per share 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 given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 8th. Community West Bancshares’s dividend payout ratio (DPR) is currently 22.22%.

About Community West Bancshares

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.