Community West Bancshares (NASDAQ:CWBC) Given New $22.00 Price Target at Keefe, Bruyette & Woods

Community West Bancshares (NASDAQ:CWBC) had its price target lowered by equities research analysts at Keefe, Bruyette & Woods from $24.00 to $22.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 16.59% from the stock’s previous close.

Community West Bancshares Price Performance

NASDAQ CWBC opened at $18.87 on Friday. The firm has a market cap of $357.59 million, a P/E ratio of 28.59 and a beta of 0.92. The stock’s 50-day moving average is $20.20 and its two-hundred day moving average is $19.73. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

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

Insiders Place Their Bets

In related news, Director Steven D. Mcdonald sold 9,155 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $21.51, for a total transaction of $196,924.05. Following the completion of the sale, the director now owns 317,391 shares in the company, valued at $6,827,080.41. This represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Bartlein purchased 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the transaction, the director now owns 433,876 shares in the company, valued at approximately $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 2,432 shares of company stock valued at $45,616 in the last quarter. Insiders own 11.15% of the company’s stock.

Institutional Trading of Community West Bancshares

A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Community West Bancshares during the third quarter valued at about $132,000. Rhumbline Advisers acquired a new position in Community West Bancshares in the 2nd quarter valued at approximately $405,000. Barclays PLC lifted its position in shares of Community West Bancshares by 228.5% in the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 15,343 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Community West Bancshares during the 3rd quarter worth approximately $847,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Community West Bancshares during the second quarter valued at approximately $1,153,000. 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.