Community West Bancshares (NASDAQ:CWBC) Upgraded at StockNews.com

Community West Bancshares (NASDAQ:CWBCGet Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods cut their target price on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Friday, January 24th. DA Davidson reduced their target price on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Community West Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $23.33.

Check Out Our Latest Analysis on Community West Bancshares

Community West Bancshares Stock Down 0.2 %

NASDAQ CWBC opened at $19.38 on Monday. The stock has a 50 day moving average price of $20.12 and a 200-day moving average price of $19.76. Community West Bancshares has a one year low of $15.50 and a one year high of $24.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $367.25 million, a P/E ratio of 29.36 and a beta of 0.92.

Community West Bancshares (NASDAQ:CWBCGet Free Report) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.38 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, equities analysts predict that Community West Bancshares will post 1.61 EPS for the current fiscal year.

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, Director Robert Bartlein bought 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $18.75 per share, with a total value of $37,500.00. Following the transaction, the director now owns 433,876 shares of the company’s stock, valued at approximately $8,135,175. This trade represents a 0.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven D. Mcdonald sold 1,860 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $21.51, for a total transaction of $40,008.60. Following the completion of the sale, the director now directly owns 315,531 shares of the company’s stock, valued at $6,787,071.81. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 2,432 shares of company stock worth $45,616. Insiders own 11.15% of the company’s stock.

Institutional Trading of Community West Bancshares

A number of hedge funds have recently bought and sold shares of the stock. Spire Wealth Management purchased a new stake in Community West Bancshares during the fourth quarter valued at approximately $27,000. SG Americas Securities LLC purchased a new stake in shares of Community West Bancshares during the 3rd quarter valued at $132,000. Barclays PLC boosted its position in shares of Community West Bancshares by 228.5% in the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 15,343 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Community West Bancshares by 7.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 1,598 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Community West Bancshares during the 3rd quarter worth $847,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Company Profile

(Get Free Report)

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.

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