Community West Bancshares $CWBC Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in shares of Community West Bancshares (NASDAQ:CWBC) by 14.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 143,708 shares of the financial services provider’s stock after selling 23,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Community West Bancshares were worth $3,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Community West Bancshares in the 1st quarter valued at approximately $38,000. Russell Investments Group Ltd. lifted its stake in Community West Bancshares by 623.7% during the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,709 shares during the last quarter. Raymond James Financial Inc. bought a new position in Community West Bancshares during the second quarter worth $46,000. Tower Research Capital LLC TRC boosted its holdings in Community West Bancshares by 75.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,393 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Community West Bancshares by 2,945.9% in the fourth quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 3,270 shares during the period. Institutional investors and hedge funds own 33.80% of the company’s stock.

Community West Bancshares Trading Down 0.7%

Shares of NASDAQ CWBC opened at $25.20 on Friday. The company has a market cap of $683.68 million, a price-to-earnings ratio of 13.62 and a beta of 0.80. Community West Bancshares has a 12-month low of $18.61 and a 12-month high of $28.17. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $25.95 and its 200 day simple moving average is $24.47.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. Community West Bancshares had a return on equity of 11.35% and a net margin of 16.86%.The firm had revenue of $48.40 million during the quarter, compared to the consensus estimate of $55.65 million. Equities research analysts expect that Community West Bancshares will post 2.38 EPS for the current year.

Community West Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

CWBC has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Piper Sandler raised their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, DA Davidson reaffirmed a “buy” rating and set a $29.00 price objective on shares of Community West Bancshares in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

About Community West Bancshares

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.