Two Sigma Investments LP Raises Stock Position in Community West Bancshares (NASDAQ:CWBC)

Two Sigma Investments LP boosted its holdings in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 92.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,447 shares of the financial services provider's stock after purchasing an additional 15,616 shares during the period. 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 (SEC).

Several other hedge funds also recently added to or reduced their stakes in CWBC. Tower Research Capital LLC TRC boosted its stake in Community West Bancshares by 33.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider's stock worth $41,000 after purchasing an additional 529 shares during the last quarter. BNP Paribas Financial Markets raised its holdings 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 last quarter. Spire Wealth Management purchased a new stake in shares of Community West Bancshares in the fourth quarter valued at approximately $27,000. Kestra Private Wealth Services LLC increased its holdings in shares of Community West Bancshares by 7.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider's stock valued at $463,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 1,623 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler dropped their target price on Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Keefe, Bruyette & Woods dropped their price objective on shares of 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.

Insider Buying and Selling at Community West Bancshares

In other news, Director Robert Bartlein bought 2,001 shares of Community West Bancshares stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $17.19 per share, for a total transaction of $34,397.19. Following the purchase, the director now owns 440,877 shares of the company's stock, valued at approximately $7,578,675.63. The trade was a 0.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders purchased 4,425 shares of company stock worth $75,976 over the last 90 days. Corporate insiders own 10.57% of the company's stock.

Community West Bancshares Stock Down 0.3%

Shares of Community West Bancshares stock traded down $0.05 during trading on Thursday, hitting $18.62. 93,297 shares of the stock were exchanged, compared to its average volume of 54,132. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The firm's 50-day moving average price is $17.46 and its 200 day moving average price is $18.68. The stock has a market cap of $354.92 million, a price-to-earnings ratio of 35.81 and a beta of 0.75. Community West Bancshares has a 12-month low of $15.57 and a 12-month high of $22.89.

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 (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). The business had revenue of $34.79 million for the quarter, compared to analyst estimates of $35.05 million. Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. As a group, analysts forecast that Community West Bancshares will post 2.15 earnings per share for the current fiscal 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 given 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 2.58%. Community West Bancshares's dividend payout ratio is presently 73.85%.

Community West Bancshares Company 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.