By otakuyassine3@gmail.com 
Community West Bancshares (NASDAQ:CWBC – Get Free Report) had its price target reduced by stock analysts at DA Davidson from $26.00 to $24.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. DA Davidson’s price target suggests a potential upside of 23.65% from the stock’s previous close.
Separately, Keefe, Bruyette & Woods decreased their price target on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Community West Bancshares presently has a consensus rating of “Hold” and an average price target of $23.33.
Check Out Our Latest Stock Report on CWBC
Community West Bancshares Price Performance
Shares of Community West Bancshares stock traded up $0.21 during trading on Monday, reaching $19.41. The company’s stock had a trading volume of 66,502 shares, compared to its average volume of 41,575. 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 12-month low of $15.50 and a 12-month high of $24.47. The company has a market capitalization of $367.82 million, a P/E ratio of 29.41 and a beta of 0.92. The business has a 50 day moving average price of $20.14 and a 200-day moving average price of $19.75.
Community West Bancshares (NASDAQ:CWBC – Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Community West Bancshares had a net margin of 4.53% and a return on equity of 8.14%. As a group, sell-side analysts anticipate that Community West Bancshares will post 1.61 EPS for the current year.
Insider Transactions at Community West Bancshares
In related news, Director Steven D. Mcdonald sold 1,860 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $21.51, for a total value of $40,008.60. Following the completion of the transaction, 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 can be accessed through the SEC website. Also, Director Robert Bartlein bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $18.75 per share, with a total value of $37,500.00. Following the completion of the purchase, the director now directly owns 433,876 shares of the company’s stock, valued at approximately $8,135,175. The trade was a 0.46 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 2,432 shares of company stock valued at $45,616 over the last three months. 11.15% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Community West Bancshares
Several institutional investors and hedge funds have recently modified their holdings of CWBC. Dimensional Fund Advisors LP boosted its position in shares of Community West Bancshares by 284.8% in the second quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider’s stock worth $11,864,000 after buying an additional 474,671 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Community West Bancshares during the 2nd quarter worth approximately $4,842,000. The Manufacturers Life Insurance Company increased its position in Community West Bancshares by 198.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock valued at $6,770,000 after acquiring an additional 243,165 shares during the period. Fourthstone LLC increased its position in Community West Bancshares by 8.7% in the 3rd quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock valued at $35,993,000 after acquiring an additional 149,506 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Community West Bancshares in the 2nd quarter valued at approximately $1,153,000. 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.
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