Community West Bancshares (NASDAQ:CWBC) Given Consensus Rating of “Hold” by Analysts

Community West Bancshares (NASDAQ:CWBC) has received an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.6667.

Several research analysts have recently issued reports on the stock. DA Davidson raised their target price on shares of Community West Bancshares from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Keefe, Bruyette & Woods raised 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 restated a “hold (c+)” rating on shares of Community West Bancshares in a report on Saturday, September 27th. Finally, Zacks Research upgraded shares of Community West Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th.

Institutional Trading of Community West Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CWBC. Raymond James Financial Inc. purchased a new stake in Community West Bancshares in the second quarter worth $46,000. PNC Financial Services Group Inc. lifted its stake in Community West Bancshares by 28.3% in 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 period. Tower Research Capital LLC TRC lifted its stake in Community West Bancshares by 75.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 1,393 shares during the period. Allworth Financial LP lifted its stake in Community West Bancshares by 267.3% in the first quarter. Allworth Financial LP now owns 7,015 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 5,105 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Community West Bancshares in the first quarter worth $210,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Down 1.0%

Shares of NASDAQ CWBC opened at $20.69 on Friday. Community West Bancshares has a one year low of $15.57 and a one year high of $22.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s 50 day simple moving average is $20.58 and its two-hundred day simple moving average is $19.17. The stock has a market capitalization of $395.80 million, a P/E ratio of 14.88 and a beta of 0.91.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.08). Community West Bancshares had a return on equity of 7.91% and a net margin of 13.88%.The firm had revenue of $35.67 million during the quarter, compared to the consensus estimate of $35.90 million. As a group, analysts expect 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, August 15th. Stockholders of record on Friday, August 1st were issued a $0.12 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. Community West Bancshares’s dividend payout ratio (DPR) is currently 34.53%.

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.