Community West Bancshares (NASDAQ:CWBC) Price Target Cut to $22.00

Community West Bancshares (NASDAQ:CWBC) had its target price lowered by research analysts at Keefe, Bruyette & Woods from $23.00 to $22.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 20.48% from the company’s current price.

CWBC has been the subject of a number of other research reports. 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 research note on Monday, April 15th. TheStreet lowered Community West Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, January 29th. Finally, StockNews.com assumed coverage on Community West Bancshares in a research note on Tuesday, April 2nd. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.33.

Community West Bancshares Stock Up 3.6 %

CWBC opened at $18.26 on Monday. The business’s fifty day simple moving average is $15.99 and its 200 day simple moving average is $15.14. Community West Bancshares has a 52 week low of $12.59 and a 52 week high of $24.47. The firm has a market cap of $162.70 million, a P/E ratio of 9.66 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 (NASDAQ:CWBC) last released its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). The firm had revenue of $11.02 million during the quarter, compared to analysts’ expectations of $11.60 million. Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%. As a group, equities research analysts anticipate that Community West Bancshares will post 1.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Community West Bancshares

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP raised 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 filing with the Securities & Exchange Commission. The institutional investor owned 17,475 shares of the financial services provider’s stock after purchasing an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned 0.20% of Community West Bancshares worth $304,000 at the end of the most recent quarter. 33.80% of the stock is owned by institutional investors.

About Community West Bancshares

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.