Piper Sandler Lowers Community West Bancshares (NASDAQ:CWBC) Price Target to $19.00

Community West Bancshares (NASDAQ:CWBC) had its target price dropped by stock analysts at Piper Sandler from $22.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price would indicate a potential upside of 15.61% from the company’s current price.

CWBC has been the subject of several other reports. StockNews.com raised Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. DA Davidson lowered 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. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Community West Bancshares from $21.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday.

Community West Bancshares Stock Up 2.8 %

Community West Bancshares stock traded up $0.46 during midday trading on Tuesday, reaching $16.44. The stock had a trading volume of 24,476 shares, compared to its average volume of 51,891. The stock has a market capitalization of $313.27 million, a P/E ratio of 31.61 and a beta of 0.78. The firm’s fifty day simple moving average is $17.88 and its 200-day simple moving average is $19.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. Community West Bancshares has a 1-year low of $15.57 and a 1-year high of $22.89.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $35.05 million. As a group, analysts expect that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Insider Transactions at Community West Bancshares

In other news, CEO James J. Kim purchased 1,600 shares of Community West Bancshares stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $17.36 per share, for a total transaction of $27,776.00. Following the purchase, the chief executive officer now directly owns 60,178 shares of the company’s stock, valued at $1,044,690.08. This trade represents a 2.73 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Martin E. Plourd sold 7,732 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $19.26, for a total value of $148,918.32. Following the transaction, the president now owns 82,737 shares in the company, valued at $1,593,514.62. The trade was a 8.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 5,805 shares of company stock worth $104,788. 10.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Community West Bancshares

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