Community West Bancshares (NASDAQ:CWBC) Downgraded by StockNews.com

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

Other equities analysts have also issued research reports about the company. Piper Sandler raised their price objective on Community West Bancshares from $22.00 to $24.00 and gave the company an overweight rating in a research report on Wednesday. Keefe, Bruyette & Woods dropped their price objective on shares of Community West Bancshares from $23.00 to $22.00 and set a market perform rating on the stock in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $20.33.

Community West Bancshares Trading Up 2.1 %

CWBC opened at $20.15 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.33. Community West Bancshares has a 52 week low of $13.55 and a 52 week high of $24.47. The stock has a market cap of $380.23 million, a PE ratio of 10.66 and a beta of 0.88. The business has a 50 day moving average of $18.02 and a 200-day moving average of $16.78.

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, August 2nd. Community West Bancshares’s dividend payout ratio (DPR) is currently 25.40%.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, EVP Anthony Kenneth Ramos bought 13,400 shares of Community West Bancshares stock in a transaction on Friday, June 7th. The stock was acquired at an average price of $17.25 per share, with a total value of $231,150.00. Following the acquisition, the executive vice president now owns 22,381 shares in the company, valued at $386,072.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have acquired 14,881 shares of company stock valued at $256,663. 11.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Community West Bancshares

Large investors have recently bought and sold shares of the business. Black Maple Capital Management LP lifted its stake in Community West Bancshares by 8.8% during the 4th quarter. Black Maple Capital Management LP now owns 17,475 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 1,417 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Community West Bancshares during the second quarter valued at approximately $1,770,000. Private Wealth Advisors LLC bought a new position in Community West Bancshares during the second quarter valued at approximately $267,000. Finally, Private Management Group Inc. bought a new position in Community West Bancshares during the first quarter valued at approximately $10,532,000. 33.80% of the stock is currently 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.