Community West Bancshares (NASDAQ:CWBC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

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

Separately, Piper Sandler decreased their price objective on Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd.

Community West Bancshares Stock Up 2.8%

Shares of NASDAQ CWBC traded up $0.58 during mid-day trading on Friday, reaching $21.03. 138,676 shares of the company traded hands, compared to its average volume of 53,427. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $400.83 million, a PE ratio of 15.13 and a beta of 0.77. The company's fifty day moving average is $18.98 and its two-hundred day moving average is $18.44. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.08). The company had revenue of $35.67 million for 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%. On average, analysts expect that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, August 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.28%. Community West Bancshares's payout ratio is currently 34.53%.

Insider Buying and Selling at Community West Bancshares

In related news, Director Robert Bartlein acquired 2,001 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average cost of $17.19 per share, with a total value of $34,397.19. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 4,368 shares of company stock worth $74,935 in the last ninety days. Insiders own 10.57% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in Community West Bancshares in the first quarter valued at about $591,000. Cubist Systematic Strategies LLC bought a new stake in shares of Community West Bancshares in the first quarter valued at about $210,000. Systematic Financial Management LP lifted its holdings in shares of Community West Bancshares by 0.8% in the first quarter. Systematic Financial Management LP now owns 302,435 shares of the financial services provider's stock valued at $5,589,000 after purchasing an additional 2,400 shares in the last quarter. Cutler Capital Management LLC bought a new stake in shares of Community West Bancshares in the first quarter valued at about $2,995,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Community West Bancshares by 70.4% in 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. 33.80% of the stock is owned by institutional investors and hedge funds.

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.