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

Community West Bancshares (NASDAQ:CWBC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

CWBC has been the topic of several other reports. Piper Sandler boosted their target price on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods decreased their target price on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Monday, April 22nd. Finally, TheStreet cut shares of Community West Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Community West Bancshares Stock Performance

Shares of NASDAQ:CWBC traded down $0.05 during trading on Thursday, hitting $17.40. 23,087 shares of the stock traded hands, compared to its average volume of 51,248. The company has a market cap of $155.03 million, a price-to-earnings ratio of 9.21 and a beta of 0.88. Community West Bancshares has a 52-week low of $12.59 and a 52-week high of $24.47. The company has a fifty day moving average price of $16.52 and a two-hundred day moving average price of $15.40. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Community West Bancshares

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP raised its holdings in Community West Bancshares (NASDAQ:CWBC) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,475 shares of the financial services provider’s stock after acquiring an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned 0.20% of Community West Bancshares worth $304,000 as of its most recent filing with the SEC. 33.80% of the stock is currently 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.