Community West Bancshares (CWBC) Expected to Announce Quarterly Earnings on Thursday

Community West Bancshares (NASDAQ:CWBC) is expected to issue its results before the market opens on Thursday, January 22nd. Analysts expect the company to announce earnings of $0.57 per share and revenue of $38.3760 million for the quarter.

Community West Bancshares Stock Down 0.8%

CWBC stock opened at $23.19 on Tuesday. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $24.36. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average of $22.68 and a 200 day moving average of $21.40. The firm has a market cap of $444.32 million, a PE ratio of 13.03 and a beta of 0.92.

Institutional Trading of Community West Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV grew its holdings in Community West Bancshares by 21.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 26,497 shares of the financial services provider’s stock valued at $552,000 after buying an additional 4,752 shares in the last quarter. Two Sigma Investments LP grew its stake in Community West Bancshares by 75.0% during the third quarter. Two Sigma Investments LP now owns 42,356 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 18,151 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Community West Bancshares in the 3rd quarter valued at $304,000. BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 3,090 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Community West Bancshares by 623.7% in 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 in the last quarter. Institutional investors own 33.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research upgraded shares of Community West Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a research report on Monday, December 29th. DA Davidson increased their target price 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, Keefe, Bruyette & Woods lifted their target price on Community West Bancshares from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Community West Bancshares currently has a consensus rating of “Buy” and a consensus target price of $23.33.

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.