Community West Bancshares (CWBC) Expected to Announce Quarterly Earnings on Thursday

Key Points

• Community West Bancshares (CWBC) is set to announce its quarterly earnings on October 23rd, with analysts expecting earnings of $0.54 per share and revenue of $36.753 million.
• In its last earnings report, the company reported $0.41 earnings per share which was below the consensus estimate, alongside a revenue of $35.67 million, falling short of expectations.
• Institutional investors have been active, with notable changes in positions, including JPMorgan Chase & Co. increasing its stake by 42.5% in the second quarter.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) is expected to be issuing its results before the market opens on Thursday, October 23rd. Analysts expect the company to announce earnings of $0.54 per share and revenue of $36.7530 million for the quarter.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.08). The company had revenue of $35.67 million during the quarter, compared to analyst estimates of $35.90 million. Community West Bancshares had a net margin of 13.88% and a return on equity of 7.91%. On average, analysts expect Community West Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC opened at $20.79 on Thursday. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89. The business has a fifty day moving average price of $20.75 and a two-hundred day moving average price of $19.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $397.71 million, a PE ratio of 14.96 and a beta of 0.91.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CWBC. Cubist Systematic Strategies LLC acquired a new position in Community West Bancshares during the 1st quarter worth approximately $210,000. Jane Street Group LLC acquired a new position in Community West Bancshares during the 1st quarter worth approximately $591,000. JPMorgan Chase & Co. raised its stake in Community West Bancshares by 42.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,357 shares of the financial services provider's stock worth $417,000 after buying an additional 6,369 shares during the period. Rhumbline Advisers raised its stake in Community West Bancshares by 46.2% during the 2nd quarter. Rhumbline Advisers now owns 25,850 shares of the financial services provider's stock worth $504,000 after buying an additional 8,173 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Community West Bancshares during the 2nd quarter worth approximately $485,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CWBC shares. Keefe, Bruyette & Woods boosted their price objective on Community West Bancshares from $19.00 to $22.00 and gave the stock a "market perform" rating in a research report on Friday, July 18th. Zacks Research upgraded Community West Bancshares from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. DA Davidson boosted their price objective on Community West Bancshares from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Community West Bancshares in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $21.67.

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.

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