Cutler Capital Management LLC Invests $3 Million in Community West Bancshares $CWBC

Key Points

• Cutler Capital Management LLC acquired a new stake in Community West Bancshares, purchasing 162,061 shares valued at approximately $2.995 million, representing about 0.85% ownership of the company.
• Community West Bancshares reported earnings per share (EPS) of $0.41 for the last quarter, which missed analysts' expectations of $0.49, alongside revenue of $35.67 million.
• The company announced a quarterly dividend of $0.12 per share, translating to an annualized dividend yield of 2.4% and a payout ratio of 34.53%.

Cutler Capital Management LLC purchased a new position in Community West Bancshares (NASDAQ:CWBC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 162,061 shares of the financial services provider's stock, valued at approximately $2,995,000. Cutler Capital Management LLC owned 0.85% of Community West Bancshares as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CWBC. Dimensional Fund Advisors LP increased its position in shares of Community West Bancshares by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 689,624 shares of the financial services provider's stock valued at $13,358,000 after purchasing an additional 35,509 shares during the period. Systematic Financial Management LP increased its position in shares of Community West Bancshares by 2.5% during the fourth quarter. Systematic Financial Management LP now owns 300,035 shares of the financial services provider's stock valued at $5,812,000 after purchasing an additional 7,225 shares during the period. Wellington Management Group LLP increased its position in shares of Community West Bancshares by 70.4% during the first quarter. Wellington Management Group LLP now owns 152,187 shares of the financial services provider's stock valued at $2,812,000 after purchasing an additional 62,854 shares during the period. Victory Capital Management Inc. increased its position in shares of Community West Bancshares by 2.6% during the first quarter. Victory Capital Management Inc. now owns 56,000 shares of the financial services provider's stock valued at $1,035,000 after purchasing an additional 1,400 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Community West Bancshares by 23.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,114 shares of the financial services provider's stock valued at $852,000 after purchasing an additional 8,701 shares during the period. 33.80% of the stock is owned by institutional investors.

Community West Bancshares Trading Up 0.8%

Community West Bancshares stock traded up $0.17 during mid-day trading on Tuesday, hitting $21.33. The stock had a trading volume of 68,292 shares, compared to its average volume of 55,532. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $22.89. The stock has a market capitalization of $408.04 million, a PE ratio of 15.35 and a beta of 0.83. The stock has a 50-day simple moving average of $19.92 and a two-hundred day simple moving average of $18.63.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.08). Community West Bancshares had a return on equity of 7.91% and a net margin of 13.88%.The company had revenue of $35.67 million for the quarter, compared to the consensus estimate of $35.90 million. As a group, sell-side analysts forecast that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.12 per share. The ex-dividend date was Friday, August 1st. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. Community West Bancshares's dividend payout ratio (DPR) is 34.53%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CWBC shares. Zacks Research upgraded Community West Bancshares from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. DA Davidson upped their price target on Community West Bancshares from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods upped their price target on Community West Bancshares from $19.00 to $22.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.67.

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.