Community West Bancshares (NASDAQ:CWBC) Shares Cross Above 200 Day Moving Average of $15.83

Community West Bancshares (NASDAQ:CWBCGet Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.83 and traded as high as $17.43. Community West Bancshares shares last traded at $17.17, with a volume of 20,041 shares traded.

Wall Street Analysts Forecast Growth

CWBC has been the subject of several analyst reports. Piper Sandler lifted their price target 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. StockNews.com raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. TheStreet cut shares of Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Finally, Keefe, Bruyette & Woods reduced their price target on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Community West Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $20.33.

View Our Latest Analysis on Community West Bancshares

Community West Bancshares Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 0.66 and a quick ratio of 0.66. The company’s 50 day simple moving average is $17.13 and its 200 day simple moving average is $15.83. The stock has a market cap of $152.98 million, a P/E ratio of 9.08 and a beta of 0.88.

Community West Bancshares (NASDAQ:CWBCGet Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.15). Community West Bancshares had a return on equity of 11.29% and a net margin of 20.04%. The firm had revenue of $20.71 million for the quarter, compared to the consensus estimate of $21.67 million. As a group, equities analysts forecast that Community West Bancshares will post 1.58 earnings per share for the current year.

Community West Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, May 2nd. This is a positive change from Community West Bancshares’s previous quarterly dividend of $0.08. Community West Bancshares’s dividend payout ratio is presently 25.40%.

Hedge Funds 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 Community West Bancshares (NASDAQ:CWBCFree Report) by 81.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,781 shares of the financial services provider’s stock after acquiring an additional 14,306 shares during the period. Black Maple Capital Management LP owned 0.36% of Community West Bancshares worth $632,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Company Profile

(Get Free Report)

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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