Alliancebernstein L.P. Invests $435,000 in Community West Bancshares (NASDAQ:CWBC)

Alliancebernstein L.P. purchased a new stake in Community West Bancshares (NASDAQ:CWBC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 22,480 shares of the financial services provider's stock, valued at approximately $435,000. Alliancebernstein L.P. owned 0.12% of Community West Bancshares at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management purchased a new stake in shares of Community West Bancshares during the 4th quarter valued at $27,000. Kestra Private Wealth Services LLC increased its position in Community West Bancshares by 7.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider's stock valued at $463,000 after buying an additional 1,598 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Community West Bancshares by 3.5% in 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 buying an additional 1,623 shares during the last quarter. Rhumbline Advisers boosted its holdings in Community West Bancshares by 12.8% in the fourth quarter. Rhumbline Advisers now owns 21,387 shares of the financial services provider's stock worth $414,000 after acquiring an additional 2,430 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in Community West Bancshares in the fourth quarter worth about $56,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, President Martin E. Plourd sold 7,732 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $19.26, for a total value of $148,918.32. Following the completion of the transaction, the president now owns 82,737 shares in the company, valued at approximately $1,593,514.62. This represents a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James J. Kim bought 1,600 shares of the company's stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $17.36 per share, for a total transaction 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 trade represents a 2.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 6,805 shares of company stock worth $121,808 in the last three months. Company insiders own 10.57% of the company's stock.

Community West Bancshares Stock Performance

Shares of NASDAQ:CWBC traded down $0.15 during midday trading on Friday, reaching $17.24. The company's stock had a trading volume of 5,304 shares, compared to its average volume of 52,136. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $17.76 and a 200 day moving average of $19.01. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $22.89. The firm has a market capitalization of $328.52 million, a PE ratio of 33.14 and a beta of 0.78.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.45 earnings per share 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 company had revenue of $34.79 million for the quarter, compared to analysts' expectations of $35.05 million. On average, equities analysts expect that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, May 2nd. Community West Bancshares's dividend payout ratio (DPR) is 92.31%.

Wall Street Analysts Forecast Growth

CWBC has been the subject of several research analyst reports. Piper Sandler decreased their price objective on shares of Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Tuesday. 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. Keefe, Bruyette & Woods cut their target price on Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating on the stock in a research report on Tuesday. Finally, StockNews.com upgraded Community West Bancshares from a "sell" rating to a "hold" rating in a research note on Monday, January 27th.

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.