Keefe, Bruyette & Woods Has Lowered Expectations for Community West Bancshares (NASDAQ:CWBC) Stock Price

Community West Bancshares (NASDAQ:CWBC) had its price target dropped by investment analysts at Keefe, Bruyette & Woods from $24.00 to $22.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 16.59% from the company’s previous close.

Community West Bancshares Price Performance

Community West Bancshares stock opened at $18.87 on Friday. The business has a 50 day simple moving average of $20.20 and a 200 day simple moving average of $19.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $357.59 million, a PE ratio of 28.59 and a beta of 0.92. Community West Bancshares has a one year low of $15.50 and a one year high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share 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%. On average, sell-side analysts forecast that Community West Bancshares will post 1.61 EPS for the current fiscal year.

Insider Activity

In other Community West Bancshares news, Director Robert Bartlein purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $18.75 per share, with a total value of $37,500.00. Following the completion of the acquisition, the director now directly owns 433,876 shares of the company’s stock, valued at $8,135,175. This represents a 0.46 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven D. Mcdonald sold 9,155 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $21.51, for a total transaction of $196,924.05. Following the sale, the director now directly owns 317,391 shares in the company, valued at approximately $6,827,080.41. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,432 shares of company stock worth $45,616. Insiders own 11.15% of the company’s stock.

Hedge Funds Weigh In On Community West Bancshares

A number of large investors have recently modified their holdings of the stock. Empowered Funds LLC raised its position 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 during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Community West Bancshares in the 3rd quarter valued at $132,000. Barclays PLC raised its position in shares of Community West Bancshares by 228.5% during the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 15,343 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Community West Bancshares during the second quarter valued at $405,000. Finally, American Century Companies Inc. boosted its holdings in Community West Bancshares by 24.6% in the second quarter. American Century Companies Inc. now owns 120,070 shares of the financial services provider’s stock valued at $2,221,000 after acquiring an additional 23,738 shares during the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

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.