Community West Bancshares (NASDAQ:CWBC) Price Target Lowered to $19.00 at Piper Sandler

Community West Bancshares (NASDAQ:CWBC - Get Free Report) had its price objective decreased by equities researchers at Piper Sandler from $22.00 to $19.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Piper Sandler's price target indicates a potential upside of 9.38% from the stock's current price.

Several other equities research analysts have also issued reports on CWBC. Keefe, Bruyette & Woods reduced their price target on Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. StockNews.com upgraded shares of Community West Bancshares from a "sell" rating to a "hold" rating in a research note on Monday, January 27th. Finally, DA Davidson cut their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, January 27th.

Community West Bancshares Stock Down 0.1 %

CWBC stock traded down $0.01 during midday trading on Tuesday, reaching $17.37. The company had a trading volume of 55,102 shares, compared to its average volume of 52,476. The company has a 50 day moving average of $17.73 and a two-hundred day moving average of $19.01. The company has a market capitalization of $331.09 million, a P/E ratio of 33.40 and a beta of 0.78. Community West Bancshares has a 1 year low of $15.57 and a 1 year high of $22.89. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The company had revenue of $34.79 million during the quarter, compared to analyst estimates of $35.05 million. Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. On average, equities research analysts expect that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Community West Bancshares news, President Martin E. Plourd sold 7,732 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $19.26, for a total value of $148,918.32. Following the completion of the sale, the president now directly owns 82,737 shares of the company's stock, valued at $1,593,514.62. This represents a 8.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James J. Kim acquired 1,600 shares of the company's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $17.36 per share, for a total transaction of $27,776.00. Following the acquisition, the chief executive officer now owns 60,178 shares in the company, valued at approximately $1,044,690.08. This trade represents a 2.73 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 6,805 shares of company stock worth $121,808 in the last quarter. 10.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Community West Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in shares of Community West Bancshares during the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC increased its holdings 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 buying an additional 529 shares during the period. US Bancorp DE acquired a new position in shares of Community West Bancshares in the 4th quarter valued at $56,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 worth $89,000 after acquiring an additional 1,041 shares during the period. Finally, Forum Financial Management LP acquired a new stake in shares of Community West Bancshares during the 4th quarter valued at about $245,000. 33.80% of the stock is currently owned by institutional investors.

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.