Community West Bancshares (NASDAQ:CWBC) Price Target Cut to $24.00 by Analysts at DA Davidson

Community West Bancshares (NASDAQ:CWBC) had its price objective decreased by DA Davidson from $26.00 to $24.00 in a research note issued to investors on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the financial services provider’s stock. DA Davidson also issued estimates for Community West Bancshares’ Q1 2025 earnings at $0.46 EPS.

Separately, Keefe, Bruyette & Woods reduced their price target on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Friday, January 24th.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $19.39 on Monday. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The firm’s 50 day moving average is $20.09 and its two-hundred day moving average is $19.75. The company has a market cap of $367.44 million, a P/E ratio of 29.38 and a beta of 0.92. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Community West Bancshares had a net margin of 4.53% and a return on equity of 8.14%. Analysts expect that Community West Bancshares will post 1.61 EPS for the current year.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, February 7th. Community West Bancshares’s dividend payout ratio is presently 72.73%.

Insider Buying and Selling at Community West Bancshares

In related news, Director Robert Bartlein purchased 2,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $18.75 per share, with a total value of $37,500.00. Following the completion of the transaction, the director now owns 433,876 shares of the company’s stock, valued at $8,135,175. This represents a 0.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven D. Mcdonald sold 1,860 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $21.51, for a total transaction of $40,008.60. Following the completion of the sale, the director now directly owns 315,531 shares in the company, valued at $6,787,071.81. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 2,432 shares of company stock valued at $45,616 over the last 90 days. 11.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Community West Bancshares

A number of institutional investors have recently modified their holdings of CWBC. Dimensional Fund Advisors LP increased its holdings in Community West Bancshares by 284.8% in the second quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider’s stock valued at $11,864,000 after buying an additional 474,671 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of Community West Bancshares in the 2nd quarter worth approximately $4,842,000. The Manufacturers Life Insurance Company increased its holdings in shares of Community West Bancshares by 198.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock valued at $6,770,000 after acquiring an additional 243,165 shares during the last quarter. Fourthstone LLC raised its position in shares of Community West Bancshares by 8.7% during the 3rd quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock valued at $35,993,000 after acquiring an additional 149,506 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Community West Bancshares during the second quarter worth $1,153,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

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.