Piper Sandler has revised its price target for Community West Bancshares (CWBC, Financial), reducing it from $22 to $19. Despite this adjustment, the firm maintains an Overweight rating on the stock, indicating continued confidence in its potential performance.
The decision to lower the price target follows a review of the company's quarterly performance, which prompted several significant model revisions. Notably, the firm now anticipates slightly increased expenses, a reduction in fee income, and an elevated tax rate for Community West Bancshares.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Community West Bancshares (CWBC, Financial) is $23.75 with a high estimate of $27.00 and a low estimate of $22.00. The average target implies an upside of 48.62% from the current price of $15.98. More detailed estimate data can be found on the Community West Bancshares (CWBC) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Community West Bancshares's (CWBC, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Community West Bancshares (CWBC, Financial) in one year is $17.71, suggesting a upside of 10.83% from the current price of $15.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Community West Bancshares (CWBC) Summary page.
