By otakuyassine3@gmail.com 
Community West Bancshares (NASDAQ:CWBC – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.
CWBC has been the topic of a number of other reports. DA Davidson reduced 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 research report on Monday. Keefe, Bruyette & Woods reduced their target price on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.33.
View Our Latest Stock Report on Community West Bancshares
Community West Bancshares Price Performance
NASDAQ:CWBC traded up $0.21 during midday trading on Monday, hitting $19.41. The company had a trading volume of 66,502 shares, compared to its average volume of 41,913. The company has a market capitalization of $367.82 million, a PE ratio of 29.41 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 has a 52-week low of $15.50 and a 52-week high of $24.47. The stock’s fifty day moving average price is $20.14 and its 200-day moving average price is $19.75.
Community West Bancshares (NASDAQ:CWBC – Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Community West Bancshares will post 1.61 earnings per share for the current year.
Insider Buying and Selling at Community West Bancshares
In other news, Director Steven D. Mcdonald sold 1,860 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 in the company, valued at approximately $6,787,071.81. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Bartlein purchased 2,000 shares of Community West Bancshares stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the acquisition, the director now owns 433,876 shares in the company, valued at $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 2,432 shares of company stock worth $45,616. 11.15% of the stock is currently owned by insiders.
Institutional Trading of Community West Bancshares
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Systematic Financial Management LP bought a new position in Community West Bancshares in the 2nd quarter worth $4,842,000. Victory Capital Management Inc. purchased a new position in shares of Community West Bancshares during the third quarter valued at about $847,000. Barclays PLC raised its stake in Community West Bancshares by 228.5% in the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after buying an additional 15,343 shares in the last quarter. State Street Corp lifted its holdings in Community West Bancshares by 12.9% in the third quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after buying an additional 28,695 shares during the period. Finally, Empowered Funds LLC boosted its position in Community West Bancshares by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock valued at $1,473,000 after acquiring an additional 3,886 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.
Read More
Receive News & Ratings for Community West Bancshares Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Community West Bancshares and related companies with MarketBeat.com’s FREE daily email newsletter.