Community West Bancshares $CWBC Shares Sold by PL Capital Advisors LLC

PL Capital Advisors LLC decreased its holdings in shares of Community West Bancshares (NASDAQ:CWBC) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,551 shares of the financial services provider’s stock after selling 96,000 shares during the quarter. Community West Bancshares comprises 2.3% of PL Capital Advisors LLC’s holdings, making the stock its 12th largest holding. PL Capital Advisors LLC’s holdings in Community West Bancshares were worth $7,415,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Systematic Financial Management LP increased its position in shares of Community West Bancshares by 34.1% during the fourth quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock valued at $9,267,000 after acquiring an additional 104,779 shares during the last quarter. NWM Advisors LLC acquired a new position in shares of Community West Bancshares in the 4th quarter worth approximately $730,000. CWM LLC lifted its holdings in shares of Community West Bancshares by 17.6% in the 4th quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 560 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Community West Bancshares by 2,945.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 3,270 shares during the last quarter. Finally, Daytona Street Capital LLC acquired a new position in shares of Community West Bancshares in the 4th quarter worth approximately $267,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on CWBC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th. Piper Sandler upped their price objective on shares of Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. Zacks Research lowered shares of Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. DA Davidson restated a “buy” rating and issued a $29.00 price objective on shares of Community West Bancshares in a report on Tuesday, April 28th. Finally, Wall Street Zen raised Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.17.

Community West Bancshares Trading Up 0.5%

Shares of CWBC stock opened at $24.12 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $654.38 million, a P/E ratio of 11.17 and a beta of 0.82. The company has a 50 day moving average price of $23.54 and a 200 day moving average price of $23.29. Community West Bancshares has a fifty-two week low of $17.55 and a fifty-two week high of $25.72.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The firm had revenue of $38.58 million during the quarter, compared to analysts’ expectations of $38.23 million. Community West Bancshares had a net margin of 20.77% and a return on equity of 10.44%. Equities research analysts predict that Community West Bancshares will post 2.59 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, May 8th. Community West Bancshares’s dividend payout ratio (DPR) is presently 22.22%.

Community West Bancshares 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.