Community West Bancshares (NASDAQ:CWBC) Stock Rating Lowered by Zacks Research

Community West Bancshares (NASDAQ:CWBC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. DA Davidson boosted their target price on Community West Bancshares from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods increased their price objective on shares of Community West Bancshares from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Wednesday, December 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Community West Bancshares Stock Up 0.4%

CWBC stock opened at $24.49 on Monday. The business has a 50 day moving average of $23.49 and a 200 day moving average of $21.97. 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 firm has a market cap of $469.23 million, a PE ratio of 12.25 and a beta of 0.93. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $25.72.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Community West Bancshares had a net margin of 19.45% and a return on equity of 10.11%. The business had revenue of $38.30 million during the quarter, compared to analysts’ expectations of $38.38 million. On average, research analysts forecast that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWBC. CWM LLC raised its position in shares of Community West Bancshares by 17.6% during the 4th quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock valued at $84,000 after buying an additional 560 shares in the last quarter. First Trust Advisors LP raised its position in Community West Bancshares by 7.0% during the second quarter. First Trust Advisors LP now owns 12,165 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 794 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of Community West Bancshares by 4.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider’s stock worth $553,000 after purchasing an additional 1,111 shares during the period. Tower Research Capital LLC TRC increased its position in shares of 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 valued at $63,000 after purchasing an additional 1,393 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in 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 valued at $41,000 after buying an additional 1,709 shares during the period. 33.80% of the stock is currently owned by institutional investors.

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.