Shares of Community West Bancshares (NASDAQ:CWBC – Get Free Report) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $28.1667.
Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a research note on Friday, March 27th. Piper Sandler increased their target price on shares of Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, DA Davidson restated a “buy” rating and issued a $29.00 price target on shares of Community West Bancshares in a report on Tuesday, April 28th.
View Our Latest Stock Analysis on CWBC
Community West Bancshares Price Performance
Community West Bancshares (NASDAQ:CWBC – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. The company had revenue of $38.58 million for the quarter, compared to the consensus estimate of $38.23 million. Community West Bancshares had a net margin of 20.77% and a return on equity of 10.44%. Equities research analysts expect that Community West Bancshares will post 2.63 earnings per share for the current year.
Community West Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 8th. Community West Bancshares’s dividend payout ratio (DPR) is presently 22.22%.
Institutional Trading of Community West Bancshares
Hedge funds have recently bought and sold shares of the stock. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Community West Bancshares in the 1st quarter valued at $38,000. Russell Investments Group Ltd. lifted its stake in shares of Community West Bancshares by 623.7% during the 3rd 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 last quarter. Raymond James Financial Inc. purchased a new stake in shares of Community West Bancshares during the 2nd quarter worth $46,000. Tower Research Capital LLC TRC boosted its position in Community West Bancshares by 75.5% during the second 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Community West Bancshares by 2,945.9% during the fourth quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 3,270 shares in the last quarter. Hedge funds and other 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.
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