Community West Bancshares (NASDAQ:CWBC) Posts Quarterly Earnings Results

Community West Bancshares (NASDAQ:CWBC - Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05, Zacks reports. Community West Bancshares had a return on equity of 10.60% and a net margin of 20.77%.The firm had revenue of $38.79 million for the quarter, compared to the consensus estimate of $38.23 million.

Community West Bancshares Stock Performance

Shares of CWBC opened at $24.19 on Friday. Community West Bancshares has a 12-month low of $17.01 and a 12-month high of $25.72. 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 company has a market cap of $463.72 million, a PE ratio of 11.20 and a beta of 0.89. The stock has a 50-day moving average price of $23.41 and a 200-day moving average price of $22.85.

Institutional Investors Weigh In On Community West Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in Community West Bancshares by 623.7% during the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 1,709 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Community West Bancshares during the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC raised its position in shares of Community West Bancshares by 75.5% during the 2nd 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. BNP Paribas Financial Markets lifted its holdings in shares of Community West Bancshares by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,795 shares of the financial services provider's stock worth $162,000 after acquiring an additional 3,090 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Community West Bancshares during the 4th quarter worth $225,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CWBC. Piper Sandler began coverage on Community West Bancshares in a research note on Monday, April 13th. They set an "overweight" rating and a $30.00 price objective on the stock. Zacks Research cut Community West Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Community West Bancshares in a research report on Friday, March 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Community West Bancshares from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Wednesday, December 31st. Finally, DA Davidson upped their target price on shares of Community West Bancshares from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $28.00.

Community West Bancshares Company Profile

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.