Community West Bancshares (NASDAQ:CWBC) Receives $28.17 Average Target Price from Analysts

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

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings restated a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th.

Insider Buying and Selling

In other Community West Bancshares news, Director Jagroop Gill acquired 4,770 shares of the business’s stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $24.88 per share, with a total value of $118,677.60. Following the completion of the transaction, the director owned 588,067 shares in the company, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 5,374 shares of company stock worth $133,078 in the last 90 days. Company insiders own 9.03% of the company’s stock.

Institutional Investors Weigh In On Community West Bancshares

Hedge funds have recently made changes to their positions in the business. KERR FINANCIAL PLANNING Corp bought a new position in Community West Bancshares during the first quarter valued at about $38,000. Russell Investments Group Ltd. raised its position in Community West Bancshares by 623.7% in the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,709 shares during the period. Raymond James Financial Inc. purchased a new position in Community West Bancshares in the second quarter valued at about $46,000. Tower Research Capital LLC TRC boosted its stake in 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 acquiring an additional 1,393 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Community West Bancshares during the 2nd quarter valued at approximately $64,000. 33.80% of the stock is currently owned by institutional investors.

Community West Bancshares Stock Performance

NASDAQ CWBC opened at $26.19 on Friday. Community West Bancshares has a 1 year low of $19.78 and a 1 year high of $28.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $710.53 million, a price-to-earnings ratio of 14.16 and a beta of 0.81. The company has a fifty day moving average price of $26.16 and a 200-day moving average price of $24.78.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. The company had revenue of $54.30 million for the quarter, compared to analyst estimates of $55.65 million. As a group, equities research analysts predict that Community West Bancshares will post 2.38 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 7th. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.95%.

Community West Bancshares Company Profile

Community West Bancshares is the bank holding company for Community West Bank, a California-based community bank headquartered in Goleta. Through its banking subsidiary, the company provides financial services to businesses, professionals, nonprofit organizations and individual customers.

Community West Bank offers business and personal deposit accounts, commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration loans and residential mortgage products.