Community West Bancshares (NASDAQ:CWBC) Rating Lowered to Sell at StockNews.com

Community West Bancshares (NASDAQ:CWBC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

CWBC has been the subject of a number of other research reports. Keefe, Bruyette & Woods cut their price target on shares of Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Monday. TheStreet downgraded shares of Community West Bancshares from a “b-” rating to a “c+” rating in a report on Monday, January 29th. Finally, Piper Sandler raised their price target on shares of Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.33.

Community West Bancshares Stock Up 3.6 %

CWBC stock opened at $18.26 on Monday. The firm has a 50-day moving average of $15.99 and a two-hundred day moving average of $15.14. The company has a market cap of $162.70 million, a price-to-earnings ratio of 9.66 and a beta of 0.85. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Community West Bancshares has a 12 month low of $12.59 and a 12 month high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). The firm had revenue of $11.02 million for the quarter, compared to analyst estimates 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, analysts forecast that Community West Bancshares will post 1.9 earnings per share for the current fiscal year.

Hedge Funds 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 Community West Bancshares (NASDAQ:CWBC) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,475 shares of the financial services provider’s stock after buying an additional 1,417 shares during the period. Black Maple Capital Management LP owned approximately 0.20% of Community West Bancshares worth $304,000 as of its most recent SEC filing. 33.80% of the stock is currently owned by hedge funds and other 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.