Community West Bancshares $CWBC Stake Boosted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lifted its holdings in Community West Bancshares (NASDAQ:CWBC) by 160.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 52,414 shares of the financial services provider’s stock after buying an additional 32,301 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.19% of Community West Bancshares worth $1,408,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Community West Bancshares during the second quarter valued at approximately $64,110,000. Sei Investments Co. lifted its stake in shares of Community West Bancshares by 159.1% during the first quarter. Sei Investments Co. now owns 70,984 shares of the financial services provider’s stock valued at $1,654,000 after acquiring an additional 43,590 shares during the period. The Manufacturers Life Insurance Company bought a new position in Community West Bancshares in the second quarter valued at about $9,091,000. NWM Advisors LLC acquired a new stake in Community West Bancshares in the fourth quarter worth about $730,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Community West Bancshares during the 2nd quarter valued at about $2,896,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jagroop Gill bought 4,770 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $24.88 per share, with a total value of $118,677.60. Following the transaction, the director owned 588,067 shares in the company, valued at $14,631,106.96. This represents a 0.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 5,374 shares of company stock worth $133,078 in the last ninety days. 9.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CWBC has been the subject of several recent research reports. Wall Street Zen upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

Community West Bancshares Stock Performance

Shares of CWBC stock opened at $25.73 on Wednesday. The company has a market capitalization of $698.05 million, a P/E ratio of 13.91 and a beta of 0.81. Community West Bancshares has a 52 week low of $19.78 and a 52 week high of $28.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The company’s 50 day moving average price is $26.25 and its two-hundred day moving average price is $24.67.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. The business had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. On average, analysts expect that Community West Bancshares will post 2.38 earnings per share for the current fiscal year.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 7th. Community West Bancshares’s dividend payout ratio is currently 25.95%.

Community West Bancshares Company Profile

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.