Analysts Set Community West Bancshares (NASDAQ:CWBC) Target Price at $28.17

Community West Bancshares (NASDAQ:CWBC) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $28.1667.

A number of brokerages have recently commented on CWBC. Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. DA Davidson reiterated a “buy” rating and set a $29.00 price objective on shares of Community West Bancshares in a research report on Tuesday, April 28th. Piper Sandler lifted their target price on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Community West Bancshares in a report on Friday, July 10th.

Institutional Trading of Community West Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in CWBC. Dimensional Fund Advisors LP grew its position in Community West Bancshares by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock valued at $19,582,000 after buying an additional 38,044 shares during the period. Systematic Financial Management LP boosted its stake in Community West Bancshares by 34.1% in the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock worth $9,267,000 after purchasing an additional 104,779 shares during the period. State Street Corp grew its stake in Community West Bancshares by 5.1% during the fourth quarter. State Street Corp now owns 334,322 shares of the financial services provider’s stock valued at $7,522,000 after acquiring an additional 16,340 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Community West Bancshares by 85.5% during the 4th quarter. Renaissance Technologies LLC now owns 167,008 shares of the financial services provider’s stock valued at $3,758,000 after purchasing an additional 77,000 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Community West Bancshares by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 164,621 shares of the financial services provider’s stock worth $3,704,000 after acquiring an additional 5,980 shares during the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Down 6.1%

Shares of CWBC opened at $25.00 on Thursday. The firm has a market cap of $678.25 million, a P/E ratio of 13.51 and a beta of 0.80. The firm’s 50-day simple moving average is $25.63 and its 200 day simple moving average is $24.28. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. Community West Bancshares has a 52 week low of $18.50 and a 52 week high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. Community West Bancshares had a return on equity of 11.35% and a net margin of 16.86%.The firm had revenue of $48.40 million during the quarter, compared to the consensus estimate of $55.65 million. On average, analysts forecast that Community West Bancshares will post 2.6 earnings per share for the current year.

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.