Community West Bancshares (NASDAQ:CWBC) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Community West Bancshares from “hold” to “sell,” adding to mixed analyst sentiment around the stock.
• The latest earnings report was solid, with EPS of $0.61 beating estimates of $0.56 and revenue of $38.58 million slightly above forecasts.
• Despite the downgrade, the stock has moderate bullish support overall: three analysts rate it Buy, two Hold, and the consensus price target stands at $28.17 versus a recent price of $23.99.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Community West Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 16th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Community West Bancshares in a research report on Friday, March 27th. DA Davidson reaffirmed a "buy" rating and set a $29.00 price objective on shares of Community West Bancshares in a research report on Tuesday, April 28th. Finally, Piper Sandler boosted their price objective on shares of Community West Bancshares from $30.00 to $30.50 and gave the company an "overweight" rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $28.17.

Community West Bancshares Stock Performance

Shares of Community West Bancshares stock opened at $23.99 on Friday. The firm has a market cap of $459.89 million, a PE ratio of 11.11 and a beta of 0.82. The firm's 50-day simple moving average is $23.38 and its 200-day simple moving average is $23.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85. Community West Bancshares has a 1 year low of $17.50 and a 1 year high of $25.72.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.05. Community West Bancshares had a net margin of 20.77% and a return on equity of 10.60%. The business had revenue of $38.58 million for the quarter, compared to analyst estimates of $38.23 million. Equities analysts forecast that Community West Bancshares will post 2.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new position in Community West Bancshares in the 1st quarter worth about $38,000. Russell Investments Group Ltd. grew its position in Community West Bancshares by 623.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider's stock worth $41,000 after purchasing an additional 1,709 shares during the last quarter. Raymond James Financial Inc. bought a new position in Community West Bancshares in the 2nd quarter worth about $46,000. CWM LLC grew its position in Community West Bancshares by 255.4% in the 3rd quarter. CWM LLC now owns 3,184 shares of the financial services provider's stock worth $66,000 after purchasing an additional 2,288 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Community West Bancshares by 75.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider's stock worth $63,000 after purchasing an additional 1,393 shares during the last quarter. 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.

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