Community West Bancshares (NASDAQ:CWBC) Stock Rating Lowered by Zacks Research

Key Points

• Community West Bancshares has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating.
• The company's recent quarterly earnings reported EPS of $0.41, missing the consensus estimate by $0.08, indicating potential challenges ahead.
• Institutional investors own 33.80% of the stock, with notable increases in holdings from firms like PNC Financial Services Group and Wellington Management Group.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on CWBC. Weiss Ratings restated a "hold (c+)" rating on shares of Community West Bancshares in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Community West Bancshares from $19.00 to $22.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Finally, DA Davidson boosted their price target 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Community West Bancshares has a consensus rating of "Hold" and an average target price of $21.67.

Community West Bancshares Trading Down 0.3%

Community West Bancshares stock opened at $20.79 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84. The business's 50-day simple moving average is $20.75 and its 200-day simple moving average is $19.25. The firm has a market capitalization of $397.71 million, a PE ratio of 14.96 and a beta of 0.91. 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 issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.08). Community West Bancshares had a net margin of 13.88% and a return on equity of 7.91%. The firm had revenue of $35.67 million for the quarter, compared to the consensus estimate of $35.90 million. Equities research 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

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in Community West Bancshares by 2.6% during the first quarter. Victory Capital Management Inc. now owns 56,000 shares of the financial services provider's stock valued at $1,035,000 after purchasing an additional 1,400 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Community West Bancshares by 28.3% during 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 in the last quarter. Wellington Management Group LLP boosted its holdings in Community West Bancshares by 70.4% during the first quarter. Wellington Management Group LLP now owns 152,187 shares of the financial services provider's stock valued at $2,812,000 after purchasing an additional 62,854 shares in the last quarter. Nuveen LLC acquired a new stake in Community West Bancshares during the first quarter valued at approximately $578,000. Finally, Cutler Capital Management LLC acquired a new position in shares of Community West Bancshares in the 1st quarter worth approximately $2,995,000. 33.80% of the stock is owned by institutional investors and hedge funds.

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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