Mendon Capital Advisors Corp acquired a new stake in Community West Bancshares (NASDAQ:CWBC – Free Report) in the 1st quarter, Holdings Channel reports. The firm acquired 24,796 shares of the financial services provider’s stock, valued at approximately $578,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NWM Advisors LLC purchased a new position in shares of Community West Bancshares in the fourth quarter valued at $730,000. Systematic Financial Management LP boosted its position in shares of 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 buying an additional 104,779 shares in the last quarter. Platform Wealth Management LLC purchased a new stake in shares of Community West Bancshares in the 4th quarter worth about $558,000. CWM LLC boosted its position 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 worth $84,000 after buying an additional 560 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Community West Bancshares by 2,945.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 3,270 shares during the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.
Community West Bancshares Stock Performance
Community West Bancshares stock opened at $25.00 on Monday. The firm has a market capitalization of $678.25 million, a P/E ratio of 13.51 and a beta of 0.80. The stock has a fifty day moving average price of $25.63 and a 200 day moving average price of $24.29. Community West Bancshares has a 52 week low of $18.50 and a 52 week high of $28.17. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. DA Davidson reaffirmed a “buy” rating and issued a $29.00 price target on shares of Community West Bancshares in a report on Tuesday, April 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a research report on Friday, July 10th. Finally, Piper Sandler raised their price objective on shares of Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.17.
Check Out Our Latest Stock Report on Community West Bancshares
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.
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