Community West Bancshares (NASDAQ:CWBC) Reaches New 12-Month High – Should You Buy?

Community West Bancshares (NASDAQ:CWBC)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $26.19 and last traded at $26.05, with a volume of 19938 shares. The stock had previously closed at $25.74.

Analysts Set New Price Targets

CWBC has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $29.00 target price on shares of Community West Bancshares in a research report on Tuesday, April 28th. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th. Finally, 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 research report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Community West Bancshares Stock Up 1.2%

The business has a 50-day simple moving average of $24.25 and a two-hundred day simple moving average of $23.67. The company has a market capitalization of $706.74 million, a price-to-earnings ratio of 12.06 and a beta of 0.82. 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 (NASDAQ:CWBC) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The business had revenue of $38.58 million for the quarter, compared to analyst estimates of $38.23 million. Community West Bancshares had a return on equity of 10.44% and a net margin of 20.77%. As a group, equities analysts predict that Community West Bancshares will post 2.59 EPS for the current year.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, May 8th. Community West Bancshares’s dividend payout ratio (DPR) is 22.22%.

Hedge Funds Weigh In On Community West Bancshares

A number of large investors have recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Community West Bancshares in the first quarter valued at about $38,000. Russell Investments Group Ltd. lifted its position in Community West Bancshares by 623.7% in 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 during the period. Raymond James Financial Inc. purchased a new stake in Community West Bancshares in the 2nd quarter valued at approximately $46,000. Tower Research Capital LLC TRC boosted its holdings in Community West Bancshares by 75.5% in 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Community West Bancshares by 2,945.9% during the 4th quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 3,270 shares during the period. Hedge funds and other 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.