Community West Bancshares (NASDAQ:CWBC – Get Free Report) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $28.83.
Several analysts have recently commented on CWBC shares. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Community West Bancshares in a research note on Wednesday. Benchmark upgraded shares of Community West Bancshares to a “strong-buy” rating in a research note on Wednesday, September 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Community West Bancshares in a report on Tuesday, October 6th. Finally, DA Davidson raised their price target on Community West Bancshares from $29.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, October 27th.
Read Our Latest Stock Report on CWBC
Insider Transactions at Community West Bancshares
In other Community West Bancshares news, Director Jagroop Gill acquired 4,770 shares of the business’s stock in a transaction on Monday, August 10th. The stock was purchased at an average price of $24.88 per share, for a total transaction of $118,677.60. Following the completion of the transaction, the director owned 588,067 shares of the company’s stock, valued at $14,631,106.96. The trade was a 0.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 5,374 shares of company stock valued at $133,078 in the last three months. Corporate insiders own 9.03% of the company’s stock.
Institutional Investors Weigh In On Community West Bancshares
Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its stake in Community West Bancshares by 53.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,147 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 399 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Community West Bancshares by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,462 shares of the financial services provider’s stock worth $281,000 after buying an additional 617 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Community West Bancshares by 3.3% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Community West Bancshares by 56.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,188 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,508 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Community West Bancshares in the first quarter valued at approximately $38,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.
Community West Bancshares Stock Up 2.8%
CWBC opened at $26.74 on Friday. Community West Bancshares has a 52 week low of $21.12 and a 52 week high of $28.17. The business has a 50 day moving average price of $26.06 and a two-hundred day moving average price of $24.94. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12. The company has a market cap of $725.46 million, a PE ratio of 11.22 and a beta of 0.86.
Community West Bancshares (NASDAQ:CWBC – Get Free Report) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The company had revenue of $57.69 million for the quarter, compared to the consensus estimate of $56.79 million. Community West Bancshares had a return on equity of 11.14% and a net margin of 14.05%. As a group, research analysts anticipate that Community West Bancshares will post 2.36 EPS for the current year.
Community West Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 6th. Community West Bancshares’s dividend payout ratio is currently 30.38%.
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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