Community West Bancshares (NASDAQ:CWBC) Reaches New 12-Month High – Here’s Why

Community West Bancshares (NASDAQ:CWBC)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $27.82 and last traded at $27.71, with a volume of 43223 shares. The stock had previously closed at $27.15.

Wall Street Analysts Forecast Growth

CWBC has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community West Bancshares in a research report on Friday, July 10th. DA Davidson reissued a “buy” rating and set a $29.00 target price on shares of Community West Bancshares in a research report on Tuesday, April 28th. Piper Sandler raised 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. Finally, Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.17.

Community West Bancshares Price Performance

The stock has a market cap of $736.85 million, a PE ratio of 12.57 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The business has a fifty day moving average of $25.32 and a 200 day moving average of $24.13.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data 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. Community West Bancshares had a return on equity of 10.44% and a net margin of 20.77%.The company had revenue of $38.58 million for the quarter, compared to the consensus estimate of $38.23 million. Sell-side analysts anticipate that Community West Bancshares will post 2.63 earnings per share for the current year.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. Community West Bancshares’s dividend payout ratio (DPR) is presently 22.22%.

Institutional Trading of Community West Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Community West Bancshares by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock worth $19,582,000 after acquiring an additional 38,044 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of Community West Bancshares by 34.1% in the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock valued at $9,267,000 after purchasing an additional 104,779 shares in the last quarter. State Street Corp raised its stake in shares of Community West Bancshares by 5.1% in the 4th quarter. State Street Corp now owns 334,322 shares of the financial services provider’s stock valued at $7,522,000 after purchasing an additional 16,340 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Community West Bancshares by 85.5% during the fourth quarter. Renaissance Technologies LLC now owns 167,008 shares of the financial services provider’s stock worth $3,758,000 after purchasing an additional 77,000 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Community West Bancshares by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 164,621 shares of the financial services provider’s stock worth $3,704,000 after purchasing an additional 5,980 shares during the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

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.