Community West Bancshares (NASDAQ:CWBC) Price Target Cut to $22.00

Community West Bancshares (NASDAQ:CWBC) had its price objective decreased by analysts at Keefe, Bruyette & Woods from $23.00 to $22.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 20.48% from the stock’s current price.

A number of other research analysts also recently weighed in on CWBC. Piper Sandler lifted their price target on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, April 15th. TheStreet lowered Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Finally, StockNews.com began coverage on Community West Bancshares in a research report on Tuesday, April 2nd. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.33.

Community West Bancshares Stock Performance

Shares of CWBC stock opened at $18.26 on Monday. Community West Bancshares has a 1-year low of $12.59 and a 1-year high of $24.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $162.70 million, a price-to-earnings ratio of 9.66 and a beta of 0.85. The stock’s fifty day simple moving average is $15.99 and its 200-day simple moving average is $15.14.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). Community West Bancshares had a net margin of 20.04% and a return on equity of 11.58%. The business had revenue of $11.02 million for the quarter, compared to analysts’ expectations of $11.60 million. On average, sell-side analysts predict that Community West Bancshares will post 1.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP grew its position in Community West Bancshares (NASDAQ:CWBC) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,475 shares of the financial services provider’s stock after purchasing an additional 1,417 shares during the period. Black Maple Capital Management LP owned about 0.20% of Community West Bancshares worth $304,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Company Profile

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.