Community West Bancshares (NASDAQ:CWBC) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 92.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,447 shares of the financial services provider's stock after purchasing an additional 15,616 shares during the quarter. Two Sigma Investments LP owned about 0.17% of Community West Bancshares worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Systematic Financial Management LP raised its position in shares of Community West Bancshares by 2.5% during the 4th quarter. Systematic Financial Management LP now owns 300,035 shares of the financial services provider's stock worth $5,812,000 after purchasing an additional 7,225 shares during the period. Deutsche Bank AG raised its position in shares of Community West Bancshares by 187.6% during the 4th quarter. Deutsche Bank AG now owns 17,254 shares of the financial services provider's stock worth $334,000 after purchasing an additional 11,254 shares during the period. Bank of America Corp DE increased its position in Community West Bancshares by 42.5% in the 4th quarter. Bank of America Corp DE now owns 17,678 shares of the financial services provider's stock valued at $342,000 after acquiring an additional 5,274 shares during the period. BNP Paribas Financial Markets increased its position in Community West Bancshares by 29.2% in the 4th quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider's stock valued at $89,000 after acquiring an additional 1,041 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Community West Bancshares in the 4th quarter valued at approximately $414,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWBC has been the topic of several analyst reports. Piper Sandler lowered their target price on Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods lowered 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, April 22nd.

Community West Bancshares Stock Up 1.4%

Shares of CWBC stock opened at $17.99 on Monday. Community West Bancshares has a 1 year low of $15.57 and a 1 year high of $22.89. The stock has a market cap of $342.91 million, a PE ratio of 34.60 and a beta of 0.75. The business's fifty day moving average is $17.39 and its 200-day moving average is $18.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $34.79 million for the quarter, compared to analyst estimates of $35.05 million. Equities analysts expect that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, May 2nd. Community West Bancshares's dividend payout ratio is presently 73.85%.

Insider Transactions at Community West Bancshares

In related news, Director Robert Bartlein acquired 2,001 shares of Community West Bancshares stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $17.19 per share, with a total value of $34,397.19. Following the purchase, the director now directly owns 440,877 shares in the company, valued at $7,578,675.63. The trade was a 0.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 5,425 shares of company stock valued at $93,836 in the last three months. 10.57% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.