Brokerages Set Community West Bancshares (NASDAQ:CWBC) Target Price at $21.67

Community West Bancshares (NASDAQ:CWBC) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.3333.

Several research firms recently commented on CWBC. DA Davidson boosted their price objective on shares of Community West Bancshares from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a research note on Monday, December 15th. Finally, Zacks Research upgraded Community West Bancshares from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 22nd.

Community West Bancshares Stock Performance

Shares of NASDAQ:CWBC opened at $23.00 on Wednesday. The business’s fifty day moving average price is $22.03 and its two-hundred day moving average price is $20.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $24.36. The stock has a market capitalization of $440.68 million, a price-to-earnings ratio of 12.92 and a beta of 0.92.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $37.91 million for the quarter, compared to analyst estimates of $36.75 million. Community West Bancshares had a return on equity of 9.10% and a net margin of 17.49%. As a group, analysts predict that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, October 31st. Community West Bancshares’s dividend payout ratio is currently 26.97%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in shares of Community West Bancshares by 623.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,709 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Community West Bancshares during the second quarter valued at about $46,000. PNC Financial Services Group Inc. raised 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 valued at $47,000 after purchasing an additional 565 shares during the period. Tower Research Capital LLC TRC lifted its stake in Community West Bancshares by 75.5% during 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 in the last quarter. Finally, CWM LLC boosted its stake in shares of Community West Bancshares by 255.4% in the third quarter. CWM LLC now owns 3,184 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 2,288 shares during the period. Institutional investors own 33.80% of the company’s stock.

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.