DA Davidson Has Bullish Estimate for CWBC FY2025 Earnings

Community West Bancshares (NASDAQ:CWBC) – Equities research analysts at DA Davidson boosted their FY2025 EPS estimates for shares of Community West Bancshares in a research note issued to investors on Tuesday, October 21st. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $2.00 per share for the year, up from their prior estimate of $1.93. DA Davidson currently has a “Buy” rating and a $24.00 target price on the stock. The consensus estimate for Community West Bancshares’ current full-year earnings is $2.15 per share. DA Davidson also issued estimates for Community West Bancshares’ FY2026 earnings at $2.35 EPS.

A number of other analysts have also recently weighed in on CWBC. Keefe, Bruyette & Woods increased their target price on shares of Community West Bancshares from $19.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Community West Bancshares in a report on Wednesday, October 8th. Finally, Zacks Research cut shares of Community West Bancshares from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.67.

Community West Bancshares Stock Down 0.9%

Shares of NASDAQ:CWBC opened at $20.93 on Thursday. The stock has a market capitalization of $400.39 million, a price-to-earnings ratio of 11.76 and a beta of 0.91. Community West Bancshares has a 1-year low of $15.57 and a 1-year high of $22.89. The company’s fifty day moving average is $20.92 and its two-hundred day moving average is $19.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $37.91 million for the quarter, compared to analysts’ expectations of $36.75 million. Community West Bancshares had a net margin of 17.49% and a return on equity of 9.26%.

Community West Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. Community West Bancshares’s dividend payout ratio is currently 26.97%.

Hedge Funds Weigh In On Community West Bancshares

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Community West Bancshares by 2.6% during the first quarter. Victory Capital Management Inc. now owns 56,000 shares of the financial services provider’s stock worth $1,035,000 after acquiring an additional 1,400 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Community West Bancshares by 28.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,565 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 565 shares during the last quarter. Wellington Management Group LLP grew its position in Community West Bancshares by 70.4% in the 1st quarter. Wellington Management Group LLP now owns 152,187 shares of the financial services provider’s stock valued at $2,812,000 after buying an additional 62,854 shares in the last quarter. Nuveen LLC bought a new position in Community West Bancshares in the 1st quarter valued at about $578,000. Finally, Cutler Capital Management LLC bought a new position in Community West Bancshares in the 1st quarter valued at about $2,995,000. 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.