Community West Bancshare Stock (NASDAQ: CWBC)

Community West Bancshare (NASDAQ:CWBC) Stock

Community West Bancshares

Community West Bancshare

Community West Bancshares is a California-based bank holding company whose principal business is to serve as the holding company for its wholly-owned subsidiary Community West Bank N.A. Through CWB, the Company provides a variety of financial products and full-service Banking Centers within California's Greater Sacramento, San Joaquin Valley, and Central Coast regions, that provide Commercial Lending, Real Estate, Agribusiness, Private Banking, and Cash Management Departments.

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DA Davidson analyst Gary Tenner maintains Community West Bancshare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) with a Buy and lowers the price target from $26 to $24.

Price Target

Analyst Ratings

DA Davidson Maintains Buy on Community West Bancshare, Lowers Price Target to $24

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Community West Bancshare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) with a Market Perform and lowers the price target from $24 to $22.

Keefe, Bruyette & Woods Maintains Market Perform on Community West Bancshare, Lowers Price Target to $22

Community West Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) reported quarterly earnings of $0.36 per share. This is a 28 percent decrease over earnings of $0.50 per share from the same period last year.

Community West Bancshares Q4 EPS $0.36 Down From $0.50 YoY

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Community West Bancshare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) with a Market Perform and raises the price target from $21 to $24.

Keefe, Bruyette & Woods Maintains Market Perform on Community West Bancshare, Raises Price Target to $24

Community West Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) reported quarterly earnings of $0.30 per share. This is a 190.91 percent increase over losses of $(0.33) per share from the same period last year.

Community West Bancshares Q3 Adj $0.30 Up From $(0.33) YoY

Piper Sandler analyst Andrew Liesch maintains Community West Bancshare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) with a Overweight and raises the price target from $22 to $24.

Piper Sandler Maintains Overweight on Community West Bancshare, Raises Price Target to $24

Community West Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) reported quarterly losses of $(0.33) per share. This is a 161.11 percent decrease over earnings of $0.54 per share from the same period last year.

Community West Bancshares Q2 EPS $(0.33) Down From $0.54 YoY

Keefe, Bruyette &amp; Woods analyst Wood Lay maintains Community West Bancshare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) with a Market Perform and lowers the price target from $23 to $22.

Community West Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.45 by 31.11 percent. This is a 14.81 percent increase over earnings of $0.27 per share from the same period last year.

Earnings Misses

Community West Bancshares Q1 EPS $0.31

The Board of Directors of Central Valley Community Bancorp (Central Valley), the parent company of Central Valley Community Bank (CVCB), headquartered in Fresno, California, announced today the successful completion of the merger with Community West Bancshares (Community West), the parent company of Community West Bank (the Bank), headquartered in Goleta, California, effective April 1, 2024. Community West Bancshares merged with and into Central Valley Community Bancorp, and Community West Bank merged with and into Central Valley Community Bank, creating a combined company in an all-stock merger transaction.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240401047471/en/">https://www.businesswire.com/news/home/20240401047471/en/</a>
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Community West shareholders receive 0.79 shares of Central Valley common stock for each share of Community West common stock, while Central Valley assumes Community West's outstanding stock options. Based on the March 28, 2024 closing price of Central Valley's common stock of $19.89 per share, the value of the merger consideration is approximately $143 million.
As of the close of the transaction, the resulting company, with total assets of approximately $3.5 billion, retains the banking offices of both banks, adding Community West Bank's seven full-service Banking Centers on the Central Coast to Central Valley Community Bank's 20 full-service Banking Centers located throughout the Greater Sacramento and San Joaquin Valley regions. Central Valley Community Bancorp assumes the name Community West Bancshares and its NASDAQ ticker symbol (CWBC), and Central Valley Community Bank assumes the name Community West Bank to reflect the combined company's expanded territory. The resulting company's Board of Directors consists of 15 directors: nine from Central Valley and six from Community West.
The Community West merger is the sixth for the resulting company, which previously acquired Folsom Lake Bank (2017), Sierra Vista Bank (2016), Visalia Community Bank (2013), Service 1st Bank (2008) and Bank of Madera County (2005).
James J. Kim is the CEO of the combined company and President and CEO of the Bank. Daniel J. Doyle is the Chairman of the Board of the resulting company, serving with Robert H. Bartlein, Vice Chairman, and Martin E. Plourd, President and Director. The Board also welcomes the addition of Suzanne M. Chadwick, Thomas L. Dobyns, James W. Lokey and Kirk B. Stovesand. Retiring from the Central Valley Board of Directors effective April 1, 2024, are Gary D. Gall, Karen A. Musson and Louis C. McMurray, who has been named Director Emeritus.
"Our combined company represents decades of unwavering commitment to our communities," said Doyle. "We are grateful for the steadfast stewardship of our retiring directors, and we are honored to welcome new directors whose strengths enhance our Board's leadership."
Joining the Bank's Executive Management Team via the merger are two well-respected industry executives: William "Bill" F. Filippin, Executive Vice President (EVP) and Regional Executive for the Coast region, and T. Joseph Stronks, EVP and Chief Risk Officer. Teresa Gilio, EVP and Chief Administrative Officer, will retire after 15 years with the Bank, effective October 1, 2024. She will lead the systems integration expected to be completed mid-August 2024.
To provide focused leadership in strategic areas of the expanded Bank, several members of existing executive management will reorganize. These include: Blaine C. Lauhon who will serve as EVP and Chief Administrative Officer, Jeffrey M. Martin who will serve as EVP and Chief Banking Officer and A. Ken Ramos who will serve as EVP and Regional Executive for the Greater Sacramento and San Joaquin Valley regions. Shannon Livingston, EVP and Chief Financial Officer, Patrick A. Luis, EVP and Chief Credit Officer, and Dawn Cagle, EVP and Chief Human Resources Officer, will continue in their current executive roles and leadership positions.
"On behalf of our Board and the entire team, we thank Teresa Gilio for her leadership and unwavering dedication," said Kim. "The success of our growing Bank is driven by our dedicated banking professionals and guided by our seasoned Executive Management Team, which shares unparalleled commitment to our clients and community."

CVCY

Central Valley Community Bancorp Completes Community West Bancshares Merger; Community West Shareholders Receive 0.79 Shares Of Central Valley Common Stock For Each Share Of Community West Common Stock

Central Valley Community Bancorp (Central Valley), (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVCY#NASDAQ">CVCY</a>), headquartered in Fresno, California, together with its banking subsidiary, Central Valley Community Bank (CVCB) and Community West Bancshares (Community West), (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>), parent company of Community West Bank (CWB), headquartered in Goleta, California, announced today that shareholders of both companies approved the merger of Community West with and into Central Valley, with Central Valley as the resulting company, and Community West Bank with and into Central Valley Community Bank at special meetings held on February 8, 2024.
Additionally, all required regulatory approvals have been received for the merger and the closing of the transaction is expected to be completed as of April 1, 2024, subject to certain other customary closing conditions. Following the closing of the merger, the resulting company will assume the name Community West Bancshares, and Central Valley Community Bank will assume the name Community West Bank to reflect the expanded territory of the combined company. The conversion of all operational systems is expected to be completed in the third quarter of 2024.
Based on financial results as of September 30, 2023, the combined company will have approximately $3.6 billion in total assets and 27 banking centers located in Central California.
"Shareholder approval from both banks confirms their confidence in the merger and brings us one step closer to uniting our two great organizations," stated James J. Kim, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank. "We are proud of our 44-year history of financial performance, and equally proud to have Community West Bank's team joining our team to expand service in Central California. Together, we look forward to providing enhanced professional employee development opportunities and the highest standards of service to our valued clients and the communities we are so fortunate to support."
"We believe the future is bright for Community West Bank as a combined organization with Central Valley Community Bank. The shared values, corporate cultures and impressive history of both banks will bring greater opportunity to shareholders, clients, employees and the community," stated Martin E. Plourd, CEO and Director of Community West Bancshares and Community West Bank.

Central Valley Community Bancorp And Community West Bancshares Announce Receipt Of Shareholder Approval For Merger, Expected To Be Completed As Of April 1, 2024; Combined Co Will Have ~$3.6B In Total Assets And 27 Banking Centers Located In California

Community West Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) reported its Q4 earnings results on Friday, January 26, 2024 at 09:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Community West Bancshares missed estimated earnings by 79.17%, reporting an EPS of $0.05 versus an estimate of $0.24.
Revenue was down $1.89 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.01 which was followed by a 0.24% drop in the share price the next day.

&#x2A;&#x2A; Listen to the earnings announcement yourself by <a href="">clicking here</a>. &#x2A;&#x2A;
To track all earnings releases for Community West Bancshares <a href="https://www.benzinga.com/quote/CWBC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Community West Bancshares Q4 Earnings

Community West Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.24 by 79.17 percent.

Community West Bancshares Q4 2023 GAAP EPS $0.05 Misses $0.24 Estimate

Janney Montgomery Scott analyst Timothy Coffey upgrades Community West Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) from Neutral to Buy.

Upgrades

Janney Montgomery Scott Upgrades Community West Bancshares to Buy

Community West Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>) reported quarterly earnings of $0.25 per share. This is a 35.9 percent decrease over earnings of $0.39 per share from the same period last year.

Community West Bancshares Q3 EPS $0.25 Down From $0.39 YoY

Under the terms of the agreement, Community West Bancshares shareholders will be entitled to receive 0.79 shares of Central Valley Community Bancorp common stock for each share of Community West Bancshares common stock. The exchange ratio is fixed, and the value of the merger consideration will fluctuate based on Central Valley Community Bancorp&#39;s stock price. Central Valley Community Bancorp will assume the outstanding stock options of Community West Bancshares as part of the transaction. Based on the closing price of Central Valley Community Bancorp stock on October 10, 2023, the transaction is valued at $99.4 million, or $11.15 per Community West Bancshares common share.

Reported Late Tuesday, Central Valley Community Bancorp And Community West Bancshares To Merger In $99.4M All-Stock Merger Deal

Community West Bancshares (Community West or the Company), (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWBC#NASDAQ">CWBC</a>), parent company of Community West Bank (the &quot;Bank&quot;), today announced that its Board of Directors has extended the Company&#39;s stock repurchase plan until August 31, 2025. The balance available for common stock repurchase from the authorized&nbsp;$4.5 million&nbsp;is&nbsp;$1,435,783. Stock repurchases may be made from time to time through open market purchases, block trades or privately negotiated transactions.

Buybacks

Community West Bancshares Authorizes Extension To Stock Repurchase Plan Until August 31, 2025

CORRECTION: Community West Bancshares Q2 EPS $0.24 Misses $0.25 Estimate, Sales $11.86M Down From $12.06M YoY

Community West Bancshares Q2 EPS $0.24 Misses $0.25 Estimate, Sales $11.86M Down From $12.06M YoY

Press Releases

Central Valley Community Bancorp Completes Community West Bancshares Merger, Adopts Name, Announces Board and Executive Reorganization

Community West Bancshares Reports Earnings Results for the Quarter Ended March 31, 2024, and Quarterly Dividend

Community West Bancshares Reports Earnings Results for the Quarter Ended June 30, 2024

Community West Bancshares Reports Earnings Results for the Quarter Ended September 30, 2024, and Quarterly Dividend

Community West Bancshares Reports Earnings Results for the Quarter Ended December 31, 2024, and Quarterly Dividend

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