Community West Bancshares (NASDAQ:CWBC) Price Target Lowered to $22.00 at Keefe, Bruyette & Woods

Community West Bancshares (NASDAQ:CWBC) had its price target cut by Keefe, Bruyette & Woods from $23.00 to $22.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other research firms have also commented on CWBC. Piper Sandler increased their target price on Community West Bancshares from $22.00 to $24.00 and gave the company an overweight rating in a report on Monday, April 15th. StockNews.com began coverage on shares of Community West Bancshares in a research note on Tuesday, April 2nd. They issued a hold rating for the company. Finally, TheStreet downgraded shares of Community West Bancshares from a b- rating to a c+ rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $20.33.

Community West Bancshares Stock Down 1.6 %

Shares of NASDAQ CWBC opened at $17.97 on Monday. The firm has a market cap of $160.11 million, a price-to-earnings ratio of 9.51 and a beta of 0.85. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. Community West Bancshares has a 52-week low of $12.59 and a 52-week high of $24.47. The business’s 50 day moving average is $16.07 and its two-hundred day moving average is $15.16.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%. The company had revenue of $11.02 million for the quarter, compared to analysts’ expectations of $11.60 million. Research analysts predict that Community West Bancshares will post 1.68 EPS for the current year.

Community West Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.12 per share. This is a boost from Community West Bancshares’s previous quarterly dividend of $0.08. This represents a $0.48 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, May 2nd. Community West Bancshares’s dividend payout ratio is currently 25.40%.

Institutional Investors Weigh In On Community West Bancshares

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP boosted its holdings in shares of Community West Bancshares (NASDAQ:CWBC) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,475 shares of the financial services provider’s stock after acquiring an additional 1,417 shares during the period. Black Maple Capital Management LP owned about 0.20% of Community West Bancshares worth $304,000 at the end of the most recent reporting period. 33.80% of the stock is owned by institutional investors.

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.