Community West Bancshares (NASDAQ:CWBC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its stake in Community West Bancshares (NASDAQ:CWBC - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,132 shares of the financial services provider's stock after selling 39,519 shares during the period. Ameriprise Financial Inc. owned 1.53% of Community West Bancshares worth $5,600,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in Community West Bancshares by 33.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider's stock valued at $41,000 after buying an additional 529 shares during the period. Spire Wealth Management purchased a new position in Community West Bancshares during the 4th quarter valued at about $27,000. Kestra Private Wealth Services LLC boosted its stake in Community West Bancshares by 7.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider's stock worth $463,000 after acquiring an additional 1,598 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 worth $938,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Community West Bancshares by 15.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,175 shares of the financial services provider's stock worth $313,000 after purchasing an additional 2,164 shares during the period. Institutional investors own 33.80% of the company's stock.

Community West Bancshares Trading Up 2.5%

Shares of Community West Bancshares stock traded up $0.44 on Tuesday, hitting $18.12. 39,608 shares of the company traded hands, compared to its average volume of 53,646. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a market cap of $345.39 million, a PE ratio of 34.85 and a beta of 0.76. The stock's 50 day moving average price is $17.50 and its 200-day moving average price is $18.88. Community West Bancshares has a 52 week low of $15.57 and a 52 week high of $22.89.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its earnings results 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 company had revenue of $34.79 million for the quarter, compared to analysts' expectations of $35.05 million. Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. Equities research analysts predict that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.12 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.48 annualized dividend and a dividend yield of 2.65%. Community West Bancshares's dividend payout ratio (DPR) is currently 73.85%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CWBC. Wall Street Zen upgraded shares of Community West Bancshares from a "sell" rating to a "hold" rating in a report on Monday, January 27th. Piper Sandler dropped their price objective on shares of Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods cut their target price on shares of Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, DA Davidson reduced their target price on shares of Community West Bancshares from $26.00 to $24.00 and set a "buy" rating for the company in a report on Monday, January 27th.

Insider Activity

In other news, CEO James J. Kim acquired 1,600 shares of the firm's stock in a transaction on Friday, February 28th. The stock was 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 owns 60,178 shares in the company, valued at approximately $1,044,690.08. The trade was a 2.73% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Bartlein bought 2,001 shares of Community West Bancshares stock in a transaction dated Monday, April 28th. The shares were acquired at an average cost of $17.19 per share, with a total value of $34,397.19. Following the completion of the purchase, the director now owns 440,877 shares in the company, valued at approximately $7,578,675.63. This trade represents a 0.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,847 shares of company stock worth $138,037 over the last 90 days. 10.57% of the stock is currently owned by corporate insiders.

About Community West Bancshares

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.