Community West Bancshares (NASDAQ:CWBC) Stock Has Consensus Price Target of $28.17

Shares of Community West Bancshares (NASDAQ:CWBC) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $28.17.

Several research firms have commented on CWBC. Benchmark raised shares of Community West Bancshares to a “strong-buy” rating in a report on Wednesday, September 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Community West Bancshares in a research report on Tuesday.

Community West Bancshares Price Performance

Shares of NASDAQ:CWBC opened at $25.71 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a fifty day moving average price of $26.02 and a 200 day moving average price of $25.22. Community West Bancshares has a fifty-two week low of $19.78 and a fifty-two week high of $28.17. The firm has a market cap of $697.51 million, a price-to-earnings ratio of 13.90 and a beta of 0.82.

Community West Bancshares (NASDAQ:CWBC) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.15. The company had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. As a group, sell-side analysts expect that Community West Bancshares will post 2.38 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%. Community West Bancshares’s dividend payout ratio is presently 25.95%.

Insider Buying and Selling

In other news, Director Jagroop Gill purchased 4,770 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $24.88 per share, with a total value of $118,677.60. Following the completion of the purchase, the director owned 588,067 shares in the company, valued at approximately $14,631,106.96. This represents a 0.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased 5,374 shares of company stock worth $133,078 over the last three months. 9.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Community West Bancshares

A number of large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Community West Bancshares by 6.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 10,462 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 617 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Community West Bancshares by 3.3% in the fourth quarter. Hsbc Holdings PLC now owns 22,919 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 723 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Community West Bancshares by 56.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,188 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,508 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in Community West Bancshares in the first quarter worth $38,000. Finally, Legal & General Group Plc bought a new stake in Community West Bancshares in the second quarter worth $64,000. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Company Profile

Community West Bancshares (NASDAQ:CWBC) is a bank holding company headquartered in Goleta, California. Through its wholly owned subsidiary, Community West Bank, the company provides banking services to individuals, businesses, nonprofit organizations and professional practices.

Community West Bank focuses on relationship-based commercial banking and offers business checking and savings accounts, commercial and industrial lending, commercial real estate loans, construction financing, small business loans, agricultural lending, residential real estate loans and consumer banking products.