Community West Bancshares (NASDAQ:CWBC) Stock Has Average Price Target of $28.17 According to Brokerages

Shares of Community West Bancshares (NASDAQ:CWBC) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $28.17.

A number of brokerages have weighed in on CWBC. Benchmark raised Community West Bancshares to a “strong-buy” rating in a research report on Wednesday, September 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Community West Bancshares in a report on Friday, July 10th.

Community West Bancshares Stock Performance

Shares of CWBC opened at $26.07 on Tuesday. The firm has a market cap of $707.28 million, a price-to-earnings ratio of 14.09 and a beta of 0.82. The company’s fifty day moving average is $26.00 and its 200-day moving average is $25.21. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. Community West Bancshares has a 12 month low of $19.78 and a 12 month high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.15. The business had revenue of $54.30 million during the quarter, compared to analyst estimates of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. Equities analysts expect that Community West Bancshares will post 2.38 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. Community West Bancshares’s dividend payout ratio is presently 25.95%.

Insider Buying and Selling

In related news, Director Jagroop Gill purchased 4,770 shares of the stock in a transaction on Monday, August 10th. The shares were bought at an average price of $24.88 per share, for a total transaction of $118,677.60. Following the completion of the acquisition, the director directly owned 588,067 shares in the company, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 5,374 shares of company stock worth $133,078 in the last 90 days. Company insiders own 9.03% of the company’s stock.

Institutional Trading of Community West Bancshares

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its position in shares of Community West Bancshares by 6.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,462 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 617 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Community West Bancshares by 3.3% during the 4th quarter. Hsbc Holdings PLC now owns 22,919 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 723 shares during the period. PNC Financial Services Group Inc. grew its holdings in Community West Bancshares by 56.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,188 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,508 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Community West Bancshares in the 1st quarter valued at approximately $38,000. Finally, Legal & General Group Plc acquired a new stake in Community West Bancshares in the 2nd quarter valued at approximately $64,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Community West Bancshares Company Profile

Community West Bancshares (NASDAQ:CWBC) is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking services to individuals, businesses, nonprofit organizations and professional practices.

Community West Bank focuses on relationship-based commercial banking and offers business checking and savings accounts, commercial and industrial lending, commercial real estate loans, construction financing, small business loans, agricultural lending, residential real estate loans and consumer banking products.