DA Davidson Issues Positive Forecast for Community West Bancshares (NASDAQ:CWBC) Stock Price

Community West Bancshares (NASDAQ:CWBC) had its price target increased by DA Davidson from $26.00 to $29.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a buy rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a research report on Monday, December 29th. Zacks Research raised shares of Community West Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Community West Bancshares from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Community West Bancshares presently has an average rating of “Buy” and an average target price of $24.33.

Community West Bancshares Stock Down 0.6%

Shares of Community West Bancshares stock opened at $23.71 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The business’s 50 day simple moving average is $22.89 and its 200-day simple moving average is $21.49. The stock has a market capitalization of $454.28 million, a price-to-earnings ratio of 11.86 and a beta of 0.92. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $24.67.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $38.30 million during the quarter, compared to analyst estimates of $38.38 million. Community West Bancshares had a return on equity of 10.11% and a net margin of 19.45%. Equities research analysts forecast that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, February 6th. Community West Bancshares’s dividend payout ratio is currently 24.00%.

Institutional Trading of Community West Bancshares

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

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.