Community West Bancshares (NASDAQ:CWBC) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Community West Bancshares received a "hold (C+)" rating from Weiss Ratings, indicating a cautious outlook on the stock's performance.
• Analysts have varied views on CWBC, with some raising price targets; Keefe, Bruyette & Woods increased theirs to $22.00, while DA Davidson set a target of $24.00.
• The stock is currently trading at $20.55 and trending slightly down, with a market capitalization of $393.12 million and an average earnings per share forecast of 2.15 for the year.

Community West Bancshares (NASDAQ:CWBC - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities analysts have also issued reports on CWBC. Keefe, Bruyette & Woods raised their price objective on Community West Bancshares from $19.00 to $22.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. DA Davidson boosted their price objective on 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 Community West Bancshares from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.67.

Community West Bancshares Stock Down 0.7%

NASDAQ:CWBC traded down $0.14 during trading hours on Wednesday, hitting $20.55. The company's stock had a trading volume of 17,176 shares, compared to its average volume of 50,940. The stock has a market capitalization of $393.12 million, a P/E ratio of 14.78 and a beta of 0.91. The stock has a fifty day moving average of $20.60 and a 200-day moving average of $19.18. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Community West Bancshares has a 52-week low of $15.57 and a 52-week high of $22.89.

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

Institutional Investors Weigh In On Community West Bancshares

A number of hedge funds have recently added to or reduced their stakes in CWBC. Raymond James Financial Inc. acquired a new stake in Community West Bancshares in the second quarter valued at about $46,000. PNC Financial Services Group Inc. lifted its position in 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 during the period. Tower Research Capital LLC TRC increased its holdings in 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 buying an additional 1,393 shares in the last quarter. Allworth Financial LP increased its holdings in Community West Bancshares by 267.3% in the first quarter. Allworth Financial LP now owns 7,015 shares of the financial services provider's stock valued at $122,000 after buying an additional 5,105 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Community West Bancshares in the first quarter valued at about $210,000. Institutional investors and hedge funds own 33.80% of the company's stock.

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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