Analysts Set Community West Bancshares (NASDAQ:CWBC) PT at $21.67

Community West Bancshares (NASDAQ:CWBC) has earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities 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 analysts that have updated their coverage on the stock in the last year is $21.6667.

A number of research analysts have issued reports on the company. Zacks Research upgraded Community West Bancshares from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Community West Bancshares in a report on Wednesday, November 19th.

Institutional Investors Weigh In On Community West Bancshares

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in Community West Bancshares by 28.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,565 shares of the financial services provider’s stock worth $47,000 after buying an additional 565 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Community West Bancshares by 7.0% during the 2nd 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 during the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Community West Bancshares by 4.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 1,111 shares during the period. Tower Research Capital LLC TRC increased its holdings in Community West Bancshares by 75.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Community West Bancshares by 2.6% in the 1st quarter. Victory Capital Management Inc. now owns 56,000 shares of the financial services provider’s stock valued at $1,035,000 after acquiring an additional 1,400 shares during the period. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Trading Down 0.4%

NASDAQ:CWBC opened at $22.15 on Friday. Community West Bancshares has a 52 week low of $15.57 and a 52 week high of $22.89. The firm has a 50-day moving average price of $21.15 and a two-hundred day moving average price of $20.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $424.35 million, a price-to-earnings ratio of 12.44 and a beta of 0.93.

Community West Bancshares (NASDAQ:CWBC) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The company had revenue of $37.91 million during the quarter, compared to analyst estimates of $36.75 million. Community West Bancshares had a return on equity of 9.26% and a net margin of 17.49%. On average, equities analysts expect that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, October 31st. Community West Bancshares’s payout ratio is presently 26.97%.

About Community West Bancshares

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.