Community West Bancshares (NASDAQ:CWBC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Community West Bancshares has a consensus analyst rating of “Moderate Buy” from five covered brokerages, with an average 12-month price target of about $28.17.
• The company beat quarterly expectations, reporting EPS of $0.61 versus the $0.56 estimate and revenue of $38.58 million versus $38.23 million expected.
• Community West Bancshares also announced a quarterly dividend of $0.12 per share, implying an annualized yield of about 2.0%.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $28.1667.

CWBC has been the subject of a number of research reports. Piper Sandler lifted their price target 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. Weiss Ratings restated a "buy (b-)" rating on shares of Community West Bancshares in a 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 report on Tuesday, April 28th. Zacks Research downgraded Community West Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 16th. Finally, Wall Street Zen lowered Community West Bancshares from a "hold" rating to a "sell" rating in a report on Saturday.

Hedge Funds Weigh In On Community West Bancshares

Several institutional investors and hedge funds have recently modified their holdings of CWBC. Cubist Systematic Strategies LLC purchased a new position in Community West Bancshares during the first quarter worth about $210,000. Jane Street Group LLC purchased a new stake in Community West Bancshares in the 1st quarter valued at about $591,000. JPMorgan Chase & Co. increased its stake in shares of 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 valued at $417,000 after acquiring an additional 6,369 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of 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 acquiring an additional 8,173 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Community West Bancshares during the 2nd quarter worth about $485,000. Hedge funds and other institutional investors own 33.80% of the company's stock.

Community West Bancshares Stock Performance

Shares of CWBC opened at $23.99 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. The firm has a market cap of $459.89 million, a PE ratio of 11.11 and a beta of 0.82. The company's 50 day simple moving average is $23.38 and its 200-day simple moving average is $23.05. Community West Bancshares has a 12-month low of $17.50 and a 12-month high of $25.72.

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

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. Community West Bancshares's dividend payout ratio is presently 22.22%.

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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