Community West Bancshares (NASDAQ:CWBC) Shares Sold by PL Capital Advisors LLC

PL Capital Advisors LLC trimmed its stake in shares of Community West Bancshares (NASDAQ:CWBC) by 10.7% in the fourth quarter, Holdings Channel reports. The fund owned 558,675 shares of the financial services provider’s stock after selling 66,890 shares during the period. Community West Bancshares accounts for about 3.4% of PL Capital Advisors LLC’s portfolio, making the stock its 8th biggest position. PL Capital Advisors LLC owned about 0.06% of Community West Bancshares worth $9,715,000 as of its most recent SEC filing.

Analyst Ratings Changes

CWBC has been the subject of a number of recent research reports. TheStreet cut Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. StockNews.com cut Community West Bancshares from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Keefe, Bruyette & Woods reduced their price target on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Monday, April 22nd. Finally, Piper Sandler raised their price target on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.33.

Community West Bancshares Stock Down 0.9 %

CWBC opened at $17.83 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day simple moving average of $16.21 and a 200-day simple moving average of $15.24. The stock has a market capitalization of $158.87 million, a P/E ratio of 9.43 and a beta of 0.85. Community West Bancshares has a 12 month low of $12.59 and a 12 month high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.19). The business had revenue of $11.02 million during the quarter, compared to analyst estimates of $11.60 million. Community West Bancshares had a net margin of 20.04% and a return on equity of 11.58%. On average, equities analysts anticipate that Community West Bancshares will post 1.58 earnings per share for the current fiscal year.

Community West Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $0.12 dividend. This is an increase from Community West Bancshares’s previous quarterly dividend of $0.08. This represents a $0.48 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, May 2nd. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.40%.

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.