Keefe, Bruyette & Woods Issues Positive Forecast for Community West Bancshares (NASDAQ:CWBC) Stock Price

Community West Bancshares (NASDAQ:CWBC - Free Report) had its price objective upped by Keefe, Bruyette & Woods from $19.00 to $22.00 in a research report released on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.

Separately, Piper Sandler reduced their target price on shares of Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd.

Community West Bancshares Stock Up 0.4%

CWBC traded up $0.09 during trading on Friday, reaching $20.45. The company had a trading volume of 181,554 shares, compared to its average volume of 53,094. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $22.89. The business's fifty day moving average price is $18.98 and its 200 day moving average price is $18.45. The company has a market cap of $389.78 million, a P/E ratio of 14.71 and a beta of 0.77.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.08). The business had revenue of $35.67 million during the quarter, compared to analyst estimates of $35.90 million. Community West Bancshares had a net margin of 13.88% and a return on equity of 7.99%. Equities analysts anticipate that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, August 1st. Community West Bancshares's dividend payout ratio (DPR) is 73.85%.

Insider Activity

In other news, Director Robert Bartlein bought 2,001 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $17.19 per share, for a total transaction of $34,397.19. Following the acquisition, the director directly owned 440,877 shares in the company, valued at approximately $7,578,675.63. This trade represents a 0.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 4,368 shares of company stock valued at $74,935. 10.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Community West Bancshares

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in Community West Bancshares by 33.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 529 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 valued at $47,000 after buying an additional 565 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Community West Bancshares by 29.2% during the 4th quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider's stock valued at $89,000 after buying an additional 1,041 shares in the last quarter. Allworth Financial LP raised its stake 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 purchasing an additional 5,105 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Community West Bancshares in the first quarter valued at approximately $210,000. 33.80% of the stock is currently owned by institutional investors.

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.