Keefe, Bruyette & Woods Lowers Community West Bancshares (NASDAQ:CWBC) Price Target to $19.00

Community West Bancshares (NASDAQ:CWBC) had its price target cut by research analysts at Keefe, Bruyette & Woods from $21.00 to $19.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 12.76% from the company’s previous close.

A number of other analysts also recently weighed in on CWBC. StockNews.com raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. DA Davidson cut their target price on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, January 27th.

Community West Bancshares Price Performance

Community West Bancshares stock opened at $16.85 on Tuesday. The firm has a market cap of $321.18 million, a PE ratio of 32.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s fifty day moving average price is $17.79 and its two-hundred day moving average price is $19.02. Community West Bancshares has a one year low of $15.57 and a one year high of $22.89.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. The company had revenue of $34.79 million during the quarter, compared to the consensus estimate of $35.05 million. As a group, research analysts expect that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, President Martin E. Plourd sold 7,732 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $19.26, for a total value of $148,918.32. Following the completion of the transaction, the president now directly owns 82,737 shares in the company, valued at approximately $1,593,514.62. This trade represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James J. Kim purchased 1,600 shares of Community West Bancshares stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the acquisition, the chief executive officer now owns 60,178 shares of the company’s stock, valued at approximately $1,044,690.08. The trade was a 2.73 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 5,805 shares of company stock valued at $104,788. 10.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CWBC. PL Capital Advisors LLC increased its position in Community West Bancshares by 1,837.0% in the 4th quarter. PL Capital Advisors LLC now owns 8,242,923 shares of the financial services provider’s stock valued at $159,665,000 after acquiring an additional 7,817,372 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Community West Bancshares by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 689,624 shares of the financial services provider’s stock worth $13,358,000 after purchasing an additional 35,509 shares during the last quarter. Geode Capital Management LLC increased its holdings in Community West Bancshares by 6.7% in the third quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock valued at $7,499,000 after purchasing an additional 24,294 shares during the period. Systematic Financial Management LP raised its position in Community West Bancshares by 2.5% during the 4th quarter. Systematic Financial Management LP now owns 300,035 shares of the financial services provider’s stock worth $5,812,000 after purchasing an additional 7,225 shares during the last quarter. Finally, State Street Corp lifted its holdings in Community West Bancshares by 12.9% during the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after buying an additional 28,695 shares during the period. Institutional investors own 33.80% of the company’s stock.

About Community West Bancshares

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposits; and cash management products.