Nuveen LLC Acquires New Position in Community West Bancshares $CWBC

Key Points

• Nuveen LLC acquired a new stake in Community West Bancshares, purchasing 31,262 shares valued at approximately $578,000, representing a 0.16% ownership at the end of the reporting period.
• The recent quarterly earnings report showed an EPS of $0.41 per share, which missed expectations of $0.49, with a total revenue of $35.67 million.
• The company announced a quarterly dividend of $0.12 per share, contributing to an annual yield of 2.3%, and a current payout ratio of 34.53%.

Nuveen LLC bought a new position in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,262 shares of the financial services provider's stock, valued at approximately $578,000. Nuveen LLC owned about 0.16% of Community West Bancshares at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP boosted its stake in shares of Community West Bancshares by 92.8% during the 4th quarter. Two Sigma Investments LP now owns 32,447 shares of the financial services provider's stock worth $628,000 after buying an additional 15,616 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Community West Bancshares in the fourth quarter valued at approximately $329,000. BNP Paribas Financial Markets boosted its stake in shares of 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 purchasing an additional 1,041 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Community West Bancshares by 187.6% in the 4th quarter. Deutsche Bank AG now owns 17,254 shares of the financial services provider's stock valued at $334,000 after purchasing an additional 11,254 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Community West Bancshares in the 4th quarter valued at $414,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CWBC shares. DA Davidson upped their price target on Community West Bancshares from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Zacks Research raised Community West Bancshares from a "strong sell" rating to a "hold" rating in a research report on Friday, August 15th. Finally, Keefe, Bruyette & Woods boosted their target price on Community West Bancshares from $19.00 to $22.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.67.

Community West Bancshares Trading Down 0.3%

NASDAQ:CWBC traded down $0.05 during mid-day trading on Monday, hitting $21.18. 10,418 shares of the stock traded hands, compared to its average volume of 54,676. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm's 50 day moving average is $20.38 and its two-hundred day moving average is $18.77. 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 $405.10 million, a price-to-earnings ratio of 15.26 and a beta of 0.90.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.08). The company had revenue of $35.67 million during the quarter, compared to analysts' expectations of $35.90 million. Community West Bancshares had a net margin of 13.88% and a return on equity of 7.91%. On average, equities research analysts predict that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given 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 is 34.53%.

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.