Community West Bancshares (NASDAQ:CWBC) Now Covered by Analysts at Piper Sandler

Piper Sandler began coverage on shares of Community West Bancshares (NASDAQ:CWBC) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm issued an overweight rating and a $30.00 price objective on the financial services provider’s stock.

A number of other research firms have also recently weighed in on CWBC. Zacks Research cut Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th. Keefe, Bruyette & Woods raised their price target on Community West Bancshares from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Wednesday, December 31st. Finally, DA Davidson raised their price target on Community West Bancshares from $26.00 to $29.00 and gave the company a “buy” rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.00.

Community West Bancshares Price Performance

Community West Bancshares stock opened at $24.15 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $462.96 million, a PE ratio of 12.08 and a beta of 0.89. Community West Bancshares has a one year low of $15.57 and a one year high of $25.72. The business has a 50 day simple moving average of $23.55 and a 200 day simple moving average of $22.67.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Community West Bancshares had a return on equity of 9.94% and a net margin of 19.45%.The firm had revenue of $32.89 million during the quarter, compared to analysts’ expectations of $38.38 million. On average, sell-side analysts forecast that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, February 6th. Community West Bancshares’s dividend payout ratio (DPR) is 24.00%.

Institutional Investors Weigh In On Community West Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Community West Bancshares by 623.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,709 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Community West Bancshares in the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC increased its stake in shares of Community West Bancshares by 75.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock valued at $63,000 after buying an additional 1,393 shares during the period. CWM LLC increased its stake in shares of Community West Bancshares by 255.4% in the 3rd quarter. CWM LLC now owns 3,184 shares of the financial services provider’s stock valued at $66,000 after buying an additional 2,288 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Community West Bancshares by 2,945.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock valued at $76,000 after buying an additional 3,270 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

Community West Bancshares Company Profile

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.