Brokerages Set Community West Bancshares (NASDAQ:CWBC) Price Target at $28.17

Community West Bancshares (NASDAQ:CWBC) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $28.1667.

CWBC has been the subject of several recent research reports. Zacks Research lowered shares of Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Piper Sandler increased their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. DA Davidson restated a “buy” rating and set a $29.00 price target on shares of Community West Bancshares in a research report on Tuesday, April 28th. Wall Street Zen cut shares of Community West Bancshares from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a research report on Friday, March 27th.

Hedge Funds Weigh In On Community West Bancshares

A number of large investors have recently bought and sold shares of CWBC. Systematic Financial Management LP boosted its position in Community West Bancshares by 34.1% during the fourth quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock worth $9,267,000 after purchasing an additional 104,779 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Community West Bancshares by 85.5% in the fourth quarter. Renaissance Technologies LLC now owns 167,008 shares of the financial services provider’s stock valued at $3,758,000 after buying an additional 77,000 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Community West Bancshares by 418.3% during the 3rd quarter. First Trust Advisors LP now owns 63,054 shares of the financial services provider’s stock worth $1,314,000 after buying an additional 50,889 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Community West Bancshares by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock worth $19,582,000 after buying an additional 38,044 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Community West Bancshares by 192.6% during the 2nd quarter. Marshall Wace LLP now owns 55,451 shares of the financial services provider’s stock valued at $1,082,000 after buying an additional 36,499 shares in the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Community West Bancshares Stock Down 1.4%

Community West Bancshares stock opened at $23.65 on Friday. The business’s 50-day moving average price is $23.38 and its 200 day moving average price is $23.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17. The firm has a market cap of $453.37 million, a price-to-earnings ratio of 10.95 and a beta of 0.82. Community West Bancshares has a 52 week low of $17.50 and a 52 week high of $25.72.

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, beating analysts’ consensus estimates of $0.56 by $0.05. Community West Bancshares had a return on equity of 10.60% and a net margin of 20.77%.The company had revenue of $38.58 million during the quarter, compared to the consensus estimate of $38.23 million. As a group, sell-side analysts anticipate that Community West Bancshares will post 2.59 earnings per share for the current year.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, May 8th. Community West Bancshares’s payout ratio is currently 22.22%.

Community West Bancshares Company 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.