2 weeks Ago By Defense World Staff
Geode Capital Management LLC cut its stake in Community West Bancshares (NASDAQ:CWBC – Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,162 shares of the financial services provider’s stock after selling 1,086 shares during the period.
Geode Capital Management LLC owned 2.05% of Community West Bancshares worth $7,521,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also added to or reduced their stakes in CWBC.
PL Capital Advisors LLC lifted its position in shares of Community West Bancshares by 1,837.0% in the 4th quarter. PL Capital Advisors LLC now owns 8,242,923 shares of the financial services provider’s stock worth $159,665,000 after purchasing an additional 7,817,372 shares during the period.
State Street Corp lifted its holdings in Community West Bancshares by 12.9% in the third 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 during the period.
Victory Capital Management Inc. lifted its holdings in Community West Bancshares by 24.1% in the fourth quarter.
Victory Capital Management Inc. now owns 54,600 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 10,600 shares during the period. Charles Schwab Investment Management Inc.
boosted its position in Community West Bancshares by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 48,419 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Community West Bancshares during the 4th quarter worth about $725,000.
Institutional investors and hedge funds own 33.80% of the company’s stock. Insider Buying and Selling at Community West BancsharesIn related news, CEO James J.
Kim bought 1,600 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $17.36 per share, with a total value of $27,776.
00. Following the completion of the transaction, the chief executive officer now directly owns 60,178 shares in the company, valued at approximately $1,044,690.08.
This represents a 2.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Also, President Martin E. Plourd sold 7,732 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $19.
26, for a total value of $148,918.32. Following the sale, the president now owns 82,737 shares of the company’s stock, valued at $1,593,514.
62. This trade represents a 8.55 % decrease in their position.
The disclosure for this sale can be found here. Over the last three months, insiders have acquired 6,805 shares of company stock valued at $121,808. Corporate insiders own 10.
57% of the company’s stock. Community West Bancshares Stock PerformanceShares of Community West Bancshares stock opened at $17.38 on Friday.
The business has a 50-day simple moving average of $17.76 and a 200 day simple moving average of $19.01.
Community West Bancshares has a one year low of $15.57 and a one year high of $22.89.
The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.
82. The firm has a market capitalization of $331.28 million, a price-to-earnings ratio of 33.
42 and a beta of 0.78. Community West Bancshares (NASDAQ:CWBC – Get Free Report) last announced its quarterly earnings data on Monday, April 21st.
The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.
02). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.
90%. The firm had revenue of $34.79 million during the quarter, compared to analyst estimates of $35.
05 million. On average, research analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.
Community West Bancshares Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.12 per share.
The ex-dividend date is Friday, May 2nd. This represents a $0.48 annualized dividend and a yield of 2.
76%. Community West Bancshares’s payout ratio is 92.31%.
Wall Street Analysts Forecast GrowthA number of research analysts have recently issued reports on CWBC shares. StockNews.com raised Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 27th.
Piper Sandler dropped their price target on Community West Bancshares from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday.
Keefe, Bruyette & Woods cut their price target on Community West Bancshares from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday.
Finally, DA Davidson lowered 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 note on Monday, January 27th.
Read Our Latest Research Report on Community West BancsharesAbout Community West Bancshares (Free Report)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.See AlsoFive stocks we like better than Community West BancsharesStock Sentiment Analysis: How it Works2 Strong Utilities Plays With Booming Earnings and Room to GrowWhat Investors Need to Know to Beat the MarketWhy Smart Investors Don’t Panic in Election SeasonStock Analyst Ratings and Canadian Analyst RatingsNow Is the Time to Buy ServiceNow—The Rebound Is Real.
