Community West Bancshares (NASDAQ:CWBC – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $26.04 and traded as high as $26.36. Community West Bancshares shares last traded at $26.11, with a volume of 213,328 shares changing hands.
Analyst Ratings Changes
A number of brokerages recently weighed in on CWBC. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a research note on Tuesday, October 6th. Benchmark raised shares of Community West Bancshares to a “strong-buy” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.17.
Get Our Latest Research Report on CWBC
Community West Bancshares Stock Up 0.6%
The company has a market capitalization of $708.36 million, a PE ratio of 16.53 and a beta of 0.82. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $26.04 and a two-hundred day simple moving average of $24.80.
Community West Bancshares (NASDAQ:CWBC – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. Community West Bancshares had a return on equity of 11.14% and a net margin of 14.05%. The firm had revenue of $57.69 million during the quarter, compared to the consensus estimate of $56.79 million. Research analysts expect that Community West Bancshares will post 2.37 EPS for the current year.
Insider Activity at Community West Bancshares
In other news, Director Jagroop Gill purchased 4,770 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $24.88 per share, with a total value of $118,677.60. Following the completion of the acquisition, the director directly owned 588,067 shares of the company’s stock, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have acquired 5,374 shares of company stock valued at $133,078. 9.03% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Community West Bancshares
Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue raised its stake in shares of Community West Bancshares by 53.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,147 shares of the financial services provider’s stock worth $29,000 after buying an additional 399 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Community West Bancshares in the second quarter valued at approximately $311,000. Engineers Gate Manager LP purchased a new stake in shares of Community West Bancshares in the second quarter valued at approximately $485,000. Integrated Wealth Concepts LLC grew its holdings in Community West Bancshares by 6.3% during the second quarter. Integrated Wealth Concepts LLC now owns 10,462 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 617 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Community West Bancshares during the second quarter worth $4,039,000. 33.80% of the stock is owned by hedge funds and other institutional investors.
Community West Bancshares Company Profile
Community West Bancshares is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking and financial services primarily to businesses, professionals, nonprofit organizations and individuals.
Community West Bank offers commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration lending and residential mortgage products. Its deposit and business banking services include checking and savings accounts, certificates of deposit, online banking, cash management and other treasury management solutions.
The company serves customers through offices and banking operations focused on California’s Central Coast, including the Santa Barbara, Ventura and San Luis Obispo areas.
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