DA Davidson Has Positive Outlook of CWBC FY2025 Earnings

Key Points

• DA Davidson has raised its FY2025 earnings per share (EPS) estimate for Community West Bancshares from $1.93 to $2.00 and maintains a "Buy" rating with a price target of $24.00.
• Community West Bancshares reported a quarterly EPS of $0.57, surpassing analysts' expectations of $0.53, along with a revenue of $37.91 million.
• The company announced a quarterly dividend of $0.12 per share, with an annualized yield of 2.3%, payable on November 14th to shareholders of record on October 31st.

Community West Bancshares (NASDAQ:CWBC - Free Report) - Investment analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for Community West Bancshares in a research note issued on Tuesday, October 21st. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $2.00 per share for the year, up from their previous forecast of $1.93. DA Davidson has a "Buy" rating and a $24.00 price target on the stock. The consensus estimate for Community West Bancshares' current full-year earnings is $2.15 per share. DA Davidson also issued estimates for Community West Bancshares' FY2026 earnings at $2.35 EPS.

Other equities research analysts have also recently issued research reports about the company. 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 target price on Community West Bancshares from $19.00 to $22.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. Finally, Zacks Research cut Community West Bancshares from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.67.

Community West Bancshares Price Performance

CWBC stock opened at $21.12 on Thursday. The business has a 50 day moving average price of $20.90 and a 200 day moving average price of $19.35. The stock has a market cap of $404.03 million, a price-to-earnings ratio of 11.87 and a beta of 0.91. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $37.91 million during the quarter, compared to analysts' expectations of $36.75 million. Community West Bancshares had a return on equity of 9.26% and a net margin of 17.49%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP grew its holdings in Community West Bancshares by 267.3% during the first quarter. Allworth Financial LP now owns 7,015 shares of the financial services provider's stock worth $122,000 after acquiring an additional 5,105 shares during the period. Victory Capital Management Inc. grew its stake in shares of Community West Bancshares by 2.6% during the 1st quarter. Victory Capital Management Inc. now owns 56,000 shares of the financial services provider's stock worth $1,035,000 after purchasing an additional 1,400 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Community West Bancshares by 28.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,565 shares of the financial services provider's stock worth $47,000 after purchasing an additional 565 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Community West Bancshares by 23.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,114 shares of the financial services provider's stock worth $852,000 after purchasing an additional 8,701 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Community West Bancshares during the 1st quarter worth $578,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Community West Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. Community West Bancshares's payout ratio is presently 26.97%.

Community West Bancshares Company Profile

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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