Community West Bancshares (NASDAQ:CWBC) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Community West Bancshares (NASDAQ:CWBC)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $26.04 and traded as high as $26.36. Community West Bancshares shares last traded at $26.11, with a volume of 213,328 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CWBC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a report on Tuesday, October 6th. Benchmark upgraded shares of Community West Bancshares to a “strong-buy” rating in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Community West Bancshares Price Performance

The company has a 50 day moving average price of $26.04 and a 200 day moving average price of $24.80. The firm has a market cap of $708.36 million, a PE ratio of 16.53 and a beta of 0.82. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.12.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Community West Bancshares had a return on equity of 11.14% and a net margin of 14.05%. The business had revenue of $57.69 million for the quarter, compared to analysts’ expectations of $56.79 million. On average, sell-side analysts expect that Community West Bancshares will post 2.37 EPS for the current year.

Insider Buying and Selling

In other news, Director Jagroop Gill bought 4,770 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $24.88 per share, for a total transaction of $118,677.60. Following the completion of the transaction, the director owned 588,067 shares in the company, valued at $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 5,374 shares of company stock worth $133,078 in the last quarter. 9.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in shares of Community West Bancshares by 53.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,147 shares of the financial services provider’s stock worth $29,000 after buying an additional 399 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Community West Bancshares in the 2nd quarter worth about $311,000. Engineers Gate Manager LP purchased a new stake in shares of Community West Bancshares in the 2nd quarter worth about $485,000. Integrated Wealth Concepts LLC boosted its position in shares of Community West Bancshares by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,462 shares of the financial services provider’s stock worth $281,000 after buying an additional 617 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Community West Bancshares in the 2nd quarter valued at about $4,039,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

About Community West Bancshares

Community West Bancshares is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking and financial services primarily to businesses, professionals, nonprofit organizations and individuals.

Community West Bank offers commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration lending and residential mortgage products. Its deposit and business banking services include checking and savings accounts, certificates of deposit, online banking, cash management and other treasury management solutions.

The company serves customers through offices and banking operations focused on California’s Central Coast, including the Santa Barbara, Ventura and San Luis Obispo areas.