Community West Bancshares (NASDAQ: CWBC) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Community West Bancshares (NASDAQ: CWBC) has recently enjoyed important positive changes in fundamentals: 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 above the cost of capital, CWBC is expected to continue to be a modest Value Builder.
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 40 but a good Power Rating of 83, producing the High Neutral Value Trend Rating.
Recent Price Action
Community West Bancshares (NASDAQ: CWBC) stock closed at $17.18 on 1/3/24 after a slight decline of -0.2%. NORMAL trading volume accompanied the decline. The stock has declined -1.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
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