Community West Bancshares (NASDAQ:CWBC) Hits New 52-Week High – Here’s What Happened

Shares of Community West Bancshares (NASDAQ:CWBC) reached a new 52-week high on Wednesday . The company traded as high as $25.78 and last traded at $25.71, with a volume of 54335 shares. The stock had previously closed at $25.34.

Analyst Upgrades and Downgrades

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

Community West Bancshares Stock Up 0.8%

The business’s 50-day moving average is $23.85 and its two-hundred day moving average is $23.47. The firm has a market capitalization of $692.90 million, a price-to-earnings ratio of 11.82 and a beta of 0.82. 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 (NASDAQ:CWBC) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. The company 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%. On average, equities analysts anticipate that Community West Bancshares will post 2.59 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 8th. Community West Bancshares’s dividend payout ratio (DPR) is presently 22.22%.

Institutional Investors Weigh In On Community West Bancshares

Large investors have recently modified their holdings of the business. CWM LLC lifted its holdings 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 valued at $84,000 after purchasing an additional 560 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Community West Bancshares by 3.3% in the fourth quarter. Hsbc Holdings PLC now owns 22,919 shares of the financial services provider’s stock valued at $517,000 after buying an additional 723 shares in the last quarter. First Trust Advisors LP lifted its stake in Community West Bancshares by 7.0% in the second quarter. First Trust Advisors LP now owns 12,165 shares of the financial services provider’s stock valued at $237,000 after buying an additional 794 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in Community West Bancshares by 4.1% in the second quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider’s stock valued at $553,000 after buying an additional 1,111 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Community West Bancshares by 75.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock valued at $63,000 after buying an additional 1,393 shares during the period. 33.80% of the stock is currently owned by institutional investors.

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.