Community West Bancshares (NASDAQ:CWBC) PT Lowered to $22.00 at Keefe, Bruyette & Woods

Community West Bancshares (NASDAQ:CWBC - Get Free Report) had its price target cut by equities research analysts at Keefe, Bruyette & Woods from $23.00 to $22.00 in a report released on Monday, Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 24.86% from the company's previous close.

Other equities analysts have also issued research reports about the stock. TheStreet lowered shares of Community West Bancshares from a "b-" rating to a "c+" rating in a report on Monday, January 29th. StockNews.com started coverage on Community West Bancshares in a report on Tuesday, April 2nd. They issued a "hold" rating on the stock. Finally, Piper Sandler increased their target price on Community West Bancshares from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Community West Bancshares currently has an average rating of "Moderate Buy" and a consensus price target of $20.33.

Community West Bancshares Stock Performance

Shares of NASDAQ CWBC traded down $0.48 during midday trading on Monday, hitting $17.62. The company's stock had a trading volume of 82,160 shares, compared to its average volume of 43,271. The stock has a fifty day moving average price of $15.90 and a 200 day moving average price of $15.11. The firm has a market capitalization of $156.99 million, a price-to-earnings ratio of 9.32 and a beta of 0.85. Community West Bancshares has a one year low of $12.59 and a one year high of $24.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). The firm had revenue of $22.38 million for the quarter, compared to the consensus estimate of $21.86 million. Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%. On average, research analysts forecast that Community West Bancshares will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP lifted its holdings in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,475 shares of the financial services provider's stock after acquiring an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned approximately 0.20% of Community West Bancshares worth $304,000 as of its most recent filing with the Securities & Exchange Commission. 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.