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

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

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods reduced their price target on shares of 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. Piper Sandler upped their target price on shares of Community West Bancshares from $22.00 to $24.00 and gave the stock an overweight rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Community West Bancshares presently has a consensus rating of Hold and an average price target of $20.33.

Community West Bancshares Price Performance

NASDAQ:CWBC opened at $20.20 on Thursday. The firm has a market cap of $381.17 million, a PE ratio of 10.69 and a beta of 0.88. Community West Bancshares has a 12 month low of $13.55 and a 12 month high of $24.47. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $18.08 and its two-hundred day moving average price is $16.81.

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.38%. Community West Bancshares’s payout ratio is 25.40%.

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, EVP Anthony Kenneth Ramos purchased 13,400 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of $17.25 per share, with a total value of $231,150.00. Following the completion of the purchase, the executive vice president now directly owns 22,381 shares in the company, valued at approximately $386,072.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have purchased 14,881 shares of company stock worth $256,663. Corporate insiders own 11.15% of the company’s stock.

Institutional Investors Weigh In On Community West Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. Black Maple Capital Management LP increased its stake in Community West Bancshares by 8.8% in the fourth quarter. Black Maple Capital Management LP now owns 17,475 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 1,417 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Community West Bancshares in the second quarter valued at approximately $1,770,000. Private Wealth Advisors LLC bought a new stake in Community West Bancshares in the second quarter valued at approximately $267,000. Finally, Private Management Group Inc. bought a new stake in Community West Bancshares in the first quarter valued at approximately $10,532,000. 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.