Community West Bancshares (NASDAQ:CWBC) Price Target Raised to $25.00

Community West Bancshares (NASDAQ:CWBC) had its target price raised by Keefe, Bruyette & Woods from $23.00 to $25.00 in a report released on Wednesday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. Zacks Research upgraded Community West Bancshares from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 22nd. DA Davidson increased their price objective on Community West Bancshares from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a report on Monday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Community West Bancshares has a consensus rating of “Moderate Buy” and an average price target of $23.33.

Community West Bancshares Price Performance

CWBC stock opened at $22.05 on Wednesday. The firm has a market cap of $422.48 million, a P/E ratio of 12.39 and a beta of 0.92. The firm’s fifty day moving average is $22.38 and its 200 day moving average is $21.10. Community West Bancshares has a 52 week low of $15.57 and a 52 week high of $24.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly 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. Community West Bancshares had a net margin of 17.49% and a return on equity of 9.10%. The business had revenue of $37.91 million during the quarter, compared to analyst estimates of $36.75 million. Research analysts predict that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CWBC. Russell Investments Group Ltd. boosted its position in shares of Community West Bancshares by 623.7% during the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,709 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Community West Bancshares during the second quarter valued at $46,000. Tower Research Capital LLC TRC lifted its position in Community West Bancshares by 75.5% during 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 buying an additional 1,393 shares during the period. CWM LLC boosted its holdings in shares of Community West Bancshares by 255.4% during the 3rd quarter. CWM LLC now owns 3,184 shares of the financial services provider’s stock valued at $66,000 after buying an additional 2,288 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Community West Bancshares by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,795 shares of the financial services provider’s stock worth $162,000 after buying an additional 3,090 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.