Piper Sandler Has Lowered Expectations for Community West Bancshares (NASDAQ:CWBC) Stock Price

Community West Bancshares (NASDAQ:CWBC) had its price objective dropped by research analysts at Piper Sandler from $22.00 to $19.00 in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price points to a potential upside of 12.76% from the stock’s current price.

Other analysts have also issued reports about the stock. DA Davidson cut their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 27th. StockNews.com upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price target on Community West Bancshares from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday.

Community West Bancshares Price Performance

Shares of Community West Bancshares stock opened at $16.85 on Tuesday. The business’s 50-day moving average price is $17.79 and its 200-day moving average price is $19.02. The firm has a market capitalization of $321.18 million, a PE ratio of 32.40 and a beta of 0.78. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $22.89. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

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). The business had revenue of $34.79 million for the quarter, compared to the consensus estimate of $35.05 million. Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. Sell-side analysts forecast that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Insider Activity at Community West Bancshares

In related news, CEO James J. Kim bought 1,600 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $17.36 per share, with a total value of $27,776.00. Following the transaction, the chief executive officer now owns 60,178 shares in the company, valued at approximately $1,044,690.08. This trade represents a 2.73 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Martin E. Plourd sold 7,732 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $19.26, for a total transaction of $148,918.32. Following the transaction, the president now owns 82,737 shares in the company, valued at $1,593,514.62. This represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 5,805 shares of company stock worth $104,788 in the last 90 days. Company insiders own 10.57% of the company’s stock.

Institutional Inflows and Outflows

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

Community West Bancshares Company Profile

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.