Community West price target raised to $25 from $23 at Keefe Bruyette

Keefe Bruyette analyst Woody Lay raised the firm’s price target on Community West Bancshares (CWBC) to $25 from $23 and keeps a Market Perform rating on the shares following the United Security Bancshares (UBFO) acquisition. The deal is expected to be 15.6% accretive to 2027 earnings and 9.5% dilutive to tangible book value, so a three-year earn back, the analyst tells investors in a research note. Keefe likes that like that Community West “is building on its strength of a premier deposit franchise.”