Community West Bancshares (NASDAQ:CWBC – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $27.45 and last traded at $27.45, with a volume of 91447 shares trading hands. The stock had previously closed at $26.86.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a research note on Friday, March 27th. DA Davidson restated a “buy” rating and issued a $29.00 target price on shares of Community West Bancshares in a report on Tuesday, April 28th. Piper Sandler lifted their target price on shares of Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, 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. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.17.
Read Our Latest Research Report on Community West Bancshares
Community West Bancshares Trading Up 2.4%
Community West Bancshares (NASDAQ:CWBC – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. Community West Bancshares had a net margin of 20.77% and a return on equity of 10.44%. The business had revenue of $38.58 million for the quarter, compared to analysts’ expectations of $38.23 million. On average, sell-side analysts predict that Community West Bancshares will post 2.63 earnings per share for the current year.
Community West Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 1.7%. Community West Bancshares’s payout ratio is 22.22%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp purchased a new stake in Community West Bancshares in the 1st quarter worth approximately $38,000. Russell Investments Group Ltd. boosted its position in shares of 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 worth $41,000 after purchasing an additional 1,709 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Community West Bancshares in the second quarter worth $46,000. Tower Research Capital LLC TRC raised 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 period. Finally, Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $76,000 after buying an additional 3,270 shares in the last quarter. Institutional investors own 33.80% of the company’s stock.
About Community West Bancshares
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.
Further Reading
- Five stocks we like better than Community West Bancshares
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
- Hershey Stock May Be Near a Sweet Spot as Cocoa Pressure Eases
Receive News & Ratings for Community West Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community West Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
