Community West Bancshares (NASDAQ:CWBC) Sees Strong Trading Volume – Here’s What Happened

Shares of Community West Bancshares (NASDAQ:CWBC) saw unusually-high trading volume on Tuesday . Approximately 630,162 shares were traded during trading, an increase of 230% from the previous session’s volume of 191,126 shares.The stock last traded at $25.35 and had previously closed at $24.89.

Analyst Ratings Changes

CWBC has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a research report on Friday, March 27th. DA Davidson reiterated a “buy” rating and set a $29.00 target price on shares of Community West Bancshares in a research report on Tuesday, April 28th. Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Zacks Research downgraded Community West Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Piper Sandler upped their price objective on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.17.

Community West Bancshares Trading Up 0.6%

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $690.46 million, a P/E ratio of 11.78 and a beta of 0.82. The firm has a 50-day moving average of $23.90 and a two-hundred day moving average of $23.50.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings data 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. Community West Bancshares had a return on equity of 10.44% and a net margin of 20.77%.The business had revenue of $38.58 million during the quarter, compared to the consensus estimate of $38.23 million. On average, analysts anticipate that Community West Bancshares will post 2.59 EPS 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 given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 8th. Community West Bancshares’s dividend payout ratio is currently 22.22%.

Hedge Funds Weigh In On Community West Bancshares

Several large investors have recently bought and sold shares of CWBC. Cubist Systematic Strategies LLC bought a new position in Community West Bancshares in the first quarter valued at about $210,000. Jane Street Group LLC bought a new position in Community West Bancshares in the first quarter valued at about $591,000. JPMorgan Chase & Co. raised its position in Community West Bancshares by 42.5% in the second quarter. JPMorgan Chase & Co. now owns 21,357 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 6,369 shares during the last quarter. Rhumbline Advisers raised its position in Community West Bancshares by 46.2% in the second quarter. Rhumbline Advisers now owns 25,850 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 8,173 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in Community West Bancshares in the second quarter valued at about $485,000. 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.