Community West Bancshares (NASDAQ:CWBC) Rating Lowered to Hold at Zacks Research

Community West Bancshares (NASDAQ:CWBC) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on CWBC. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a research note on Monday, December 29th. Keefe, Bruyette & Woods lifted their target price on shares of Community West Bancshares from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 31st. Finally, DA Davidson upped their price target on shares of Community West Bancshares from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Community West Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Community West Bancshares Trading Up 0.4%

CWBC opened at $24.49 on Monday. The firm has a market cap of $469.23 million, a price-to-earnings ratio of 12.25 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $23.49 and a 200-day moving average price of $21.97. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $25.72.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Community West Bancshares had a net margin of 19.45% and a return on equity of 10.11%. The firm had revenue of $38.30 million for the quarter, compared to the consensus estimate of $38.38 million. As a group, equities research analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Community West Bancshares

Several hedge funds have recently bought and sold shares of CWBC. Russell Investments Group Ltd. increased its holdings in shares of Community West Bancshares by 623.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,709 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Community West Bancshares in the second quarter worth about $46,000. Tower Research Capital LLC TRC boosted its stake in shares of Community West Bancshares by 75.5% during the 2nd 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 in the last quarter. CWM LLC grew its position in shares of Community West Bancshares by 255.4% during the 3rd quarter. CWM LLC now owns 3,184 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 2,288 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Community West Bancshares by 2,945.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 3,270 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

About Community West Bancshares

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.