Fourthstone LLC Has $35.99 Million Stock Position in Community West Bancshares (NASDAQ:CWBC)

Fourthstone LLC boosted its position in shares of Community West Bancshares (NASDAQ:CWBC) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,868,778 shares of the financial services provider’s stock after buying an additional 149,506 shares during the quarter. Community West Bancshares makes up approximately 8.0% of Fourthstone LLC’s holdings, making the stock its 4th largest holding. Fourthstone LLC owned about 0.10% of Community West Bancshares worth $35,993,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CWBC. Empowered Funds LLC lifted its stake in shares of Community West Bancshares by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock valued at $1,473,000 after purchasing an additional 3,886 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Community West Bancshares in the third quarter valued at approximately $847,000. SG Americas Securities LLC bought a new stake in shares of Community West Bancshares during the third quarter worth $132,000. Systematic Financial Management LP acquired a new stake in shares of Community West Bancshares during the second quarter worth $4,842,000. Finally, The Manufacturers Life Insurance Company lifted its position in Community West Bancshares by 198.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock valued at $6,770,000 after acquiring an additional 243,165 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Community West Bancshares Stock Down 0.4 %

CWBC stock traded down $0.08 during trading hours on Thursday, reaching $21.96. 27,548 shares of the stock were exchanged, compared to its average volume of 50,555. The firm’s 50-day moving average is $19.46 and its 200-day moving average is $18.97. Community West Bancshares has a 12 month low of $15.50 and a 12 month high of $24.47. The company has a market cap of $416.14 million, a price-to-earnings ratio of 33.27 and a beta of 0.87. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

Community West Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.19%. Community West Bancshares’s payout ratio is presently 72.73%.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, Director Robert Bartlein acquired 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $18.75 per share, with a total value of $37,500.00. Following the completion of the transaction, the director now directly owns 433,876 shares in the company, valued at $8,135,175. This trade represents a 0.46 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have bought 2,610 shares of company stock valued at $47,383. 11.15% of the stock is owned by insiders.

About Community West Bancshares

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposits; and cash management products.