DA Davidson Has Pessimistic Outlook of CWBC FY2024 Earnings

Community West Bancshares (NASDAQ:CWBC - Free Report) - Analysts at DA Davidson lowered their FY2024 earnings estimates for shares of Community West Bancshares in a note issued to investors on Monday, October 28th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $1.14 for the year, down from their previous forecast of $1.26. The consensus estimate for Community West Bancshares' current full-year earnings is $1.49 per share. DA Davidson also issued estimates for Community West Bancshares' Q4 2024 earnings at $0.47 EPS and FY2025 earnings at $2.11 EPS.

Several other equities analysts have also recently weighed in on CWBC. Piper Sandler raised their target price on shares of Community West Bancshares from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. StockNews.com downgraded Community West Bancshares from a "hold" rating to a "sell" rating in a report on Thursday, July 25th. 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 stock. Based on data from MarketBeat, Community West Bancshares presently has an average rating of "Hold" and a consensus target price of $20.33.

Community West Bancshares Stock Up 0.5 %

Shares of CWBC traded up $0.10 during mid-day trading on Tuesday, hitting $18.82. 25,830 shares of the company's stock were exchanged, compared to its average volume of 48,998. The company has a market cap of $355.13 million, a PE ratio of 9.88 and a beta of 0.86. Community West Bancshares has a 52 week low of $15.22 and a 52 week high of $24.47. The company has a 50-day simple moving average of $19.39 and a 200 day simple moving average of $18.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, November 8th. Community West Bancshares's dividend payout ratio is 25.40%.

Insider Transactions at Community West Bancshares

In other news, EVP Patrick A. Luis sold 1,650 shares of Community West Bancshares stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $19.37, for a total transaction of $31,960.50. Following the completion of the sale, the executive vice president now owns 27,586 shares of the company's stock, valued at approximately $534,340.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.15% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bfsg LLC acquired a new position in Community West Bancshares in the second quarter valued at about $82,000. Acadian Asset Management LLC bought a new stake in shares of Community West Bancshares during the second quarter worth about $106,000. SG Americas Securities LLC bought a new stake in shares of Community West Bancshares during the third quarter worth about $132,000. Bridgewealth Advisory Group LLC bought a new stake in shares of Community West Bancshares during the second quarter worth about $226,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Community West Bancshares during the second quarter worth about $268,000. 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.