Community West Bancshares (NASDAQ:CWBC) Upgraded by StockNews.com to Hold Rating

Community West Bancshares (NASDAQ:CWBC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Several other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods dropped 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 research note on Friday. DA Davidson lowered their price objective on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Community West Bancshares has an average rating of “Moderate Buy” and an average target price of $23.33.

Community West Bancshares Stock Up 1.1 %

NASDAQ:CWBC traded up $0.21 during trading hours on Monday, reaching $19.41. 66,502 shares of the company traded hands, compared to its average volume of 41,913. Community West Bancshares has a 1 year low of $15.50 and a 1 year high of $24.47. The stock has a market capitalization of $367.82 million, a P/E ratio of 29.41 and a beta of 0.92. The business’s 50-day moving average price is $20.14 and its two-hundred day moving average price is $19.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (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%. Analysts predict that Community West Bancshares will post 1.61 earnings per share for the current year.

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, Director Steven D. Mcdonald sold 1,860 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $21.51, for a total value of $40,008.60. Following the transaction, the director now owns 315,531 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Bartlein bought 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the transaction, 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 2,432 shares of company stock worth $45,616 over the last three months. 11.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Community West Bancshares

Several institutional investors have recently made changes to their positions in the business. Spire Wealth Management purchased a new position in Community West Bancshares during the fourth quarter valued at $27,000. SG Americas Securities LLC bought a new position in shares of Community West Bancshares in the third quarter worth about $132,000. Barclays PLC lifted its position in shares of Community West Bancshares by 228.5% during the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock valued at $424,000 after buying an additional 15,343 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Community West Bancshares during the 3rd quarter valued at approximately $847,000. Finally, Renaissance Technologies LLC purchased a new stake in Community West Bancshares in the 2nd quarter worth approximately $1,153,000. 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.