Community West Bancshares (NASDAQ:CWBC) Reaches New 1-Year High – Here’s What Happened

Community West Bancshares (NASDAQ:CWBC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $25.99 and last traded at $25.36, with a volume of 447170 shares changing hands. The stock had previously closed at $25.75.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CWBC. Piper Sandler increased their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th. Finally, DA Davidson restated a “buy” rating and issued a $29.00 target price on shares of Community West Bancshares in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.17.

Community West Bancshares Stock Down 1.6%

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average is $24.12 and its 200-day moving average is $23.60. The company has a market cap of $678.25 million, a PE ratio of 11.57 and a beta of 0.82.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. The company had revenue of $38.58 million for the quarter, compared to analysts’ expectations of $38.23 million. Community West Bancshares had a net margin of 20.77% and a return on equity of 10.44%. On average, analysts predict that Community West Bancshares will post 2.59 EPS for the current year.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 8th. Community West Bancshares’s dividend payout ratio (DPR) is currently 22.22%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. NWM Advisors LLC purchased a new position in shares of Community West Bancshares during the 4th quarter worth $730,000. Platform Wealth Management LLC purchased a new position in shares of Community West Bancshares during the 4th quarter worth $558,000. Systematic Financial Management LP boosted its stake in shares of Community West Bancshares by 34.1% during the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock worth $9,267,000 after acquiring an additional 104,779 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Community West Bancshares by 90.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 70,814 shares of the financial services provider’s stock worth $1,650,000 after acquiring an additional 33,665 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Community West Bancshares during the 1st quarter worth $781,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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.