StockNews.com cut shares of Community West Bancshares (NASDAQ:CWBC – Free Report) from a hold rating to a sell rating in a report issued on Monday morning.
A number of other brokerages have also commented on CWBC. Keefe, Bruyette & Woods cut their target price on Community West Bancshares from $23.00 to $22.00 and set a market perform rating for the company in a research note on Monday. TheStreet lowered Community West Bancshares from a b- rating to a c+ rating in a research note on Monday, January 29th. Finally, Piper Sandler increased their price objective 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $20.33.
Read Our Latest Analysis on CWBC
Community West Bancshares Stock Down 1.6 %
Community West Bancshares (NASDAQ:CWBC – Get Free Report) last issued its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). The business had revenue of $11.02 million for the quarter, compared to analyst estimates of $11.60 million. Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%. On average, equities analysts predict that Community West Bancshares will post 1.68 EPS for the current year.
Community West Bancshares Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, May 2nd. This is a boost from Community West Bancshares’s previous quarterly dividend of $0.08. Community West Bancshares’s dividend payout ratio is presently 25.40%.
Hedge Funds Weigh In On Community West Bancshares
A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP boosted its position in Community West Bancshares (NASDAQ:CWBC – Free Report) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,475 shares of the financial services provider’s stock after acquiring an additional 1,417 shares during the period. Black Maple Capital Management LP owned 0.20% of Community West Bancshares worth $304,000 at the end of the most recent quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.
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.
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