Extremely significant positive changes in Community West Bancshares (NASDAQ: CWBC) investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.
Recent notable positive changes in fundamentals have benefitted Community West Bancshares (NASDAQ: CWBC): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CWBC is expected to be Value Creation neutral.
Community West Bancshares has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Community West Bancshares has a neutral Appreciation Score of 46 but a good Power Rating of 75, triggering the High Neutral Value Trend Rating.
Recent Price Action
Community West Bancshares (NASDAQ: CWBC) stock rose modestly by 0.7% on 12/11/23. The stock closed at $14.96. Moreover, this advance was accompanied by exceptionally high trading volume at 334% of normal. Relative to the market the stock has been strong over the last nine months and has risen 6.9% during the last week.
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