Bridgeway Capital Management LLC Cuts Stock Holdings in Community West Bancshares (NASDAQ:CWBC)

Bridgeway Capital Management LLC trimmed its stake in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 21.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,815 shares of the financial services provider's stock after selling 44,444 shares during the period. Bridgeway Capital Management LLC owned 0.84% of Community West Bancshares worth $3,076,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CWBC. PL Capital Advisors LLC lifted its stake in shares of Community West Bancshares by 1,837.0% during 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 acquiring an additional 7,817,372 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Community West Bancshares during the fourth quarter worth $725,000. Dimensional Fund Advisors LP grew its holdings in shares of Community West Bancshares by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 689,624 shares of the financial services provider's stock worth $13,358,000 after purchasing an additional 35,509 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Community West Bancshares in the 4th quarter worth about $437,000. Finally, Alliancebernstein L.P. purchased a new stake in Community West Bancshares in the 4th quarter valued at about $435,000. Hedge funds and other institutional investors own 33.80% of the company's stock.

Community West Bancshares Stock Performance

NASDAQ:CWBC traded down $0.01 during trading hours on Wednesday, hitting $18.49. 11,054 shares of the company were exchanged, compared to its average volume of 49,230. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. Community West Bancshares has a 52-week low of $15.57 and a 52-week high of $22.89. The stock has a market capitalization of $352.44 million, a price-to-earnings ratio of 35.56 and a beta of 0.76. The company's 50 day moving average price is $17.48 and its 200-day moving average price is $18.94.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The firm had revenue of $34.79 million during the quarter, compared to analyst estimates of $35.05 million. Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. As a group, research analysts forecast that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a $0.12 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.60%. Community West Bancshares's payout ratio is currently 73.85%.

Insider Activity at Community West Bancshares

In other news, Director Robert Bartlein acquired 2,001 shares of the business's stock in a transaction on Monday, April 28th. The stock was bought at an average price of $17.19 per share, with a total value of $34,397.19. Following the completion of the acquisition, the director now owns 440,877 shares of the company's stock, valued at approximately $7,578,675.63. This represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James J. Kim acquired 1,600 shares of the firm's stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $17.36 per share, with a total value of $27,776.00. Following the transaction, the chief executive officer now owns 60,178 shares of the company's stock, valued at approximately $1,044,690.08. This trade represents a 2.73% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 8,806 shares of company stock worth $156,205 over the last three months. Company insiders own 10.57% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CWBC shares. Keefe, Bruyette & Woods lowered their target price on Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. StockNews.com upgraded shares of Community West Bancshares from a "sell" rating to a "hold" rating in a report on Monday, January 27th. Piper Sandler decreased their target price 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, April 22nd. Finally, DA Davidson cut their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a "buy" rating on the stock in a report 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.