Community West Bancshares (NASDAQ:CWBC) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Technical breakout: CWBC crossed above its 200‑day moving average of $22.48, trading as high as $22.81 and last at $22.63 on volume of 66,334 shares.
• Analyst view: The stock has a consensus rating of "Moderate Buy" with an average price target of $24.33 (three Buy vs. two Hold); notable moves include DA Davidson raising its target to $29 while Zacks downgraded the stock to Hold.
• Fundamentals & payouts: Q4 EPS of $0.60 beat estimates ($0.57) though revenue missed ($32.89M vs. $38.38M), and the company pays a $0.12 quarterly dividend ($0.48 annual, ~2.1% yield) with a 24% payout ratio.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.48 and traded as high as $22.81. Community West Bancshares shares last traded at $22.63, with a volume of 66,334 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Community West Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 16th. Keefe, Bruyette & Woods increased their price target 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. Weiss Ratings restated a "buy (b-)" rating on shares of Community West Bancshares in a report on Monday, December 29th. Finally, DA Davidson lifted their price target on shares of Community West Bancshares from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

Community West Bancshares Trading Down 0.7%

The business has a fifty day moving average price of $23.60 and a two-hundred day moving average price of $22.48. 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 capitalization of $433.82 million, a PE ratio of 11.32 and a beta of 0.91.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $32.89 million for the quarter, compared to analyst estimates of $38.38 million. Community West Bancshares had a net margin of 19.45% and a return on equity of 9.94%. 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 declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Community West Bancshares's payout ratio is 24.00%.

Hedge Funds Weigh In On Community West Bancshares

A number of hedge funds have recently made changes to their positions in CWBC. Systematic Financial Management LP increased its holdings in Community West Bancshares by 34.1% in the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider's stock valued at $9,267,000 after purchasing an additional 104,779 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Community West Bancshares by 85.5% during the fourth quarter. Renaissance Technologies LLC now owns 167,008 shares of the financial services provider's stock worth $3,758,000 after purchasing an additional 77,000 shares in the last quarter. First Trust Advisors LP lifted its stake in Community West Bancshares by 418.3% during the third quarter. First Trust Advisors LP now owns 63,054 shares of the financial services provider's stock worth $1,314,000 after purchasing an additional 50,889 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Community West Bancshares by 192.6% during the second quarter. Marshall Wace LLP now owns 55,451 shares of the financial services provider's stock worth $1,082,000 after buying an additional 36,499 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Community West Bancshares during the fourth quarter worth $758,000. Hedge funds and other institutional investors own 33.80% of the company's stock.

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.

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