Community West Bancshares (NASDAQ:CWBC) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Community West Bancshares (NASDAQ:CWBC)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.37 and traded as high as $22.93. Community West Bancshares shares last traded at $22.57, with a volume of 82,419 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Community West Bancshares from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Wednesday, December 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a report on Monday, December 29th. Zacks Research lowered shares of Community West Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Finally, DA Davidson increased their price objective on Community West Bancshares from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Community West Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Community West Bancshares Stock Down 0.2%

The business’s 50 day moving average is $23.61 and its 200 day moving average is $22.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $431.87 million, a price-to-earnings ratio of 11.27 and a beta of 0.91.

Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $38.30 million for the quarter, compared to the consensus estimate of $38.38 million. Community West Bancshares had a net margin of 19.45% and a return on equity of 10.11%. Equities analysts expect that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Community West Bancshares’s payout ratio is presently 24.00%.

Institutional Investors Weigh In On Community West Bancshares

A number of institutional investors have recently bought and sold shares of CWBC. CWM LLC increased its holdings in shares of Community West Bancshares by 17.6% in the 4th quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 560 shares during the period. First Trust Advisors LP boosted its holdings in shares of 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 worth $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% during the second 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 grew 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 purchasing an additional 1,393 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in 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. 33.80% of the stock is currently owned by institutional investors and hedge funds.

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.