Community West Bancshares (NASDAQ:CWBC) Shares Sold by Private Management Group Inc.

Private Management Group Inc. cut its holdings in shares of Community West Bancshares (NASDAQ:CWBC) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 552,621 shares of the financial services provider’s stock after selling 3,801 shares during the period. Private Management Group Inc.’s holdings in Community West Bancshares were worth $10,704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. purchased a new position in Community West Bancshares during the third quarter worth approximately $847,000. Barclays PLC raised its stake in shares of Community West Bancshares by 228.5% during the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after buying an additional 15,343 shares during the period. State Street Corp lifted its position in shares of Community West Bancshares by 12.9% during the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock valued at $4,852,000 after buying an additional 28,695 shares in the last quarter. Systematic Financial Management LP grew its stake in Community West Bancshares by 11.9% in the 3rd quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider’s stock valued at $5,640,000 after acquiring an additional 31,075 shares during the period. Finally, Empowered Funds LLC grew its stake in 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 acquiring an additional 3,886 shares during the period. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Insider Activity at Community West Bancshares

In related news, Director Steven D. Mcdonald sold 1,860 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.51, for a total value of $40,008.60. Following the completion of the sale, the director now owns 315,531 shares of the company’s stock, valued at approximately $6,787,071.81. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders purchased 432 shares of company stock valued at $8,116. 11.15% of the stock is currently owned by insiders.

Community West Bancshares Trading Up 0.2 %

Shares of CWBC stock opened at $19.41 on Thursday. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The firm has a market capitalization of $367.74 million, a P/E ratio of 37.33 and a beta of 0.91. The stock’s fifty day moving average is $19.86 and its two-hundred day moving average is $19.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. Research analysts expect that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.47%. Community West Bancshares’s dividend payout ratio (DPR) is presently 92.31%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CWBC. DA Davidson reduced their price objective on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 27th. StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price objective on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday, January 24th.

Community West Bancshares Profile

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.