Community West Bancshares (NASDAQ:CWBC) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Community West Bancshares has received a consensus rating of "Moderate Buy" from four brokerages, with two holding the stock and two giving buy recommendations.
• The company's stock is currently trading at $20.86, with a twelve-month price target among analysts of approximately $21.67.
• They have announced a quarterly dividend of $0.12 per share, representing an annualized yield of 2.3%, with a payout ratio of 34.53%.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the four brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $21.6667.

A number of research firms have commented on CWBC. Weiss Ratings restated a "hold (c+)" rating on shares of Community West Bancshares in a research note on Saturday, September 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Community West Bancshares from $19.00 to $22.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. DA Davidson lifted their price objective on shares of Community West Bancshares from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Zacks Research upgraded shares of Community West Bancshares from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th.

Community West Bancshares Stock Up 1.5%

Shares of NASDAQ:CWBC traded up $0.31 during trading on Friday, hitting $20.86. The company's stock had a trading volume of 54,371 shares, compared to its average volume of 54,566. The company has a market capitalization of $399.07 million, a PE ratio of 15.01 and a beta of 0.91. The business has a 50 day moving average price of $20.54 and a two-hundred day moving average price of $19.11. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.08). Community West Bancshares had a net margin of 13.88% and a return on equity of 7.91%. The company had revenue of $35.67 million during the quarter, compared to analysts' expectations of $35.90 million. As a group, research analysts expect that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, August 1st. Community West Bancshares's dividend payout ratio is presently 34.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Community West Bancshares by 28.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,565 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 565 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Community West Bancshares by 7.0% in the second quarter. First Trust Advisors LP now owns 12,165 shares of the financial services provider's stock valued at $237,000 after purchasing an additional 794 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Community West Bancshares by 4.1% in the second quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider's stock valued at $553,000 after purchasing an additional 1,111 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Community West Bancshares by 75.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Community West Bancshares by 2.6% during the first quarter. Victory Capital Management Inc. now owns 56,000 shares of the financial services provider's stock valued at $1,035,000 after buying an additional 1,400 shares during the period. 33.80% of the stock is currently owned by institutional investors and hedge funds.

About Community West Bancshares

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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