DA Davidson Analysts Decrease Earnings Estimates for Community West Bancshares (NASDAQ:CWBC)

Community West Bancshares (NASDAQ:CWBC) – Equities researchers at DA Davidson cut their FY2025 earnings per share (EPS) estimates for shares of Community West Bancshares in a report released on Friday, July 26th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $2.40 per share for the year, down from their previous forecast of $2.50. The consensus estimate for Community West Bancshares’ current full-year earnings is $1.62 per share.

A number of other research analysts have also weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday, April 22nd. Piper Sandler increased their price target on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, StockNews.com lowered Community West Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.33.

Community West Bancshares Trading Up 3.3 %

Shares of Community West Bancshares stock opened at $20.75 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.66 and a quick ratio of 0.66. Community West Bancshares has a 1 year low of $13.55 and a 1 year high of $24.47. The company has a market capitalization of $391.55 million, a P/E ratio of 10.98 and a beta of 0.88. The business has a 50 day moving average price of $18.21 and a 200 day moving average price of $16.86.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, August 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.31%. Community West Bancshares’s payout ratio is 25.40%.

Insider Transactions at Community West Bancshares

In other news, EVP Anthony Kenneth Ramos acquired 13,400 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $17.25 per share, for a total transaction of $231,150.00. Following the acquisition, the executive vice president now directly owns 22,381 shares in the company, valued at approximately $386,072.25. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought a total of 13,881 shares of company stock worth $239,513 in the last ninety days. Insiders own 11.15% of the company’s stock.

Hedge Funds Weigh In On Community West Bancshares

A number of hedge funds have recently made changes to their positions in the business. Bfsg LLC purchased a new stake in shares of Community West Bancshares during the 2nd quarter valued at about $82,000. Private Wealth Advisors LLC acquired a new stake in Community West Bancshares in the second quarter valued at approximately $267,000. Black Maple Capital Management LP raised its stake in shares of Community West Bancshares by 8.8% during the fourth quarter. Black Maple Capital Management LP now owns 17,475 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 1,417 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Community West Bancshares during the second quarter worth $1,770,000. Finally, Private Management Group Inc. purchased a new position in shares of Community West Bancshares in the first quarter valued at $10,532,000. 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.