Community West Bancshares (NASDAQ:CWBC) Raised to Hold at StockNews.com

Community West Bancshares (NASDAQ:CWBC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Several other analysts have also commented on CWBC. Keefe, Bruyette & Woods cut their price objective on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a report on Friday, January 24th. DA Davidson reduced their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.33.

Community West Bancshares Stock Performance

Shares of NASDAQ CWBC opened at $19.38 on Monday. The firm’s 50-day moving average price is $20.12 and its 200-day moving average price is $19.76. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47. The company has a market cap of $367.25 million, a PE ratio of 29.36 and a beta of 0.92. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Community West Bancshares had a return on equity of 8.14% and a net margin of 4.53%. As a group, analysts anticipate that Community West Bancshares will post 1.61 EPS for the current year.

Insider Buying and Selling at Community West Bancshares

In related news, Director Steven D. Mcdonald sold 9,155 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $21.51, for a total transaction of $196,924.05. Following the completion of the transaction, the director now directly owns 317,391 shares in the company, valued at approximately $6,827,080.41. The trade was a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Bartlein bought 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the purchase, the director now owns 433,876 shares in the company, valued at $8,135,175. This trade represents a 0.46 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,432 shares of company stock valued at $45,616. Company insiders own 11.15% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CWBC. Spire Wealth Management bought a new stake in Community West Bancshares during the fourth quarter valued at about $27,000. Kestra Private Wealth Services LLC raised its stake in Community West Bancshares by 7.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 1,598 shares during the period. Empowered Funds LLC lifted its holdings in Community West Bancshares by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 3,886 shares in the last quarter. SG Americas Securities LLC bought a new position in Community West Bancshares in the 3rd quarter worth approximately $132,000. Finally, Barclays PLC grew its holdings in Community West Bancshares by 228.5% during the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock valued at $424,000 after buying an additional 15,343 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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.