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

StockNews.com upgraded shares of Community West Bancshares (NASDAQ:CWBC) from a sell rating to a hold rating in a research report report published on Thursday morning.

Other research analysts have also issued reports about the company. TheStreet lowered Community West Bancshares from a b- rating to a c+ rating in a research report on Monday, January 29th. Piper Sandler boosted their price objective on shares of Community West Bancshares from $22.00 to $24.00 and gave the company an overweight rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Community West Bancshares from $23.00 to $22.00 and set a market perform rating for the company in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Community West Bancshares presently has a consensus rating of Moderate Buy and an average price target of $20.33.

Community West Bancshares Trading Down 0.3 %

CWBC opened at $17.40 on Thursday. Community West Bancshares has a fifty-two week low of $12.59 and a fifty-two week high of $24.47. The company has a market cap of $155.03 million, a price-to-earnings ratio of 9.21 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $16.52 and a 200 day simple moving average of $15.44.

Community West Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.76%. This is a positive change from Community West Bancshares’s previous quarterly dividend of $0.08. Community West Bancshares’s payout ratio is presently 25.40%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP raised its stake in Community West Bancshares (NASDAQ:CWBC) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,475 shares of the financial services provider’s stock after buying an additional 1,417 shares during the quarter. 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.