Private Management Group Inc. Lowers Stake in Community West Bancshares $CWBC

Key Points

• Private Management Group cut its Community West Bancshares stake by 8.3% in the second quarter, selling 44,056 shares and retaining 485,589 shares valued at approximately $13.0 million. Institutional investors collectively own 33.8% of the company.
• Community West Bancshares reported quarterly EPS of $0.45, beating analysts’ $0.30 consensus, although revenue of $54.3 million fell short of expectations. Analysts maintain a “Moderate Buy” consensus rating with a $28.17 price target.
• Director Jagroop Gill purchased 4,770 shares for roughly $118,678, while the company paid a quarterly dividend of $0.12 per share, equivalent to a 1.9% annualized yield.

Private Management Group Inc. lowered its holdings in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,589 shares of the financial services provider's stock after selling 44,056 shares during the period. Private Management Group Inc. owned approximately 1.79% of Community West Bancshares worth $13,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. KERR FINANCIAL PLANNING Corp bought a new position in shares of Community West Bancshares during the first quarter valued at approximately $38,000. Russell Investments Group Ltd. boosted its position in shares of Community West Bancshares by 623.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider's stock worth $41,000 after purchasing an additional 1,709 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Community West Bancshares in the 2nd quarter worth approximately $46,000. Tower Research Capital LLC TRC grew its stake in shares of Community West Bancshares by 75.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider's stock worth $63,000 after buying an additional 1,393 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Community West Bancshares in the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 33.80% of the company's stock.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, Director Jagroop Gill bought 4,770 shares of Community West Bancshares stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $24.88 per share, with a total value of $118,677.60. Following the acquisition, the director owned 588,067 shares in the company, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders acquired 5,339 shares of company stock valued at $132,169. 9.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CWBC has been the subject of a number of recent research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Community West Bancshares in a research note on Friday, July 10th. Wall Street Zen raised Community West Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, May 17th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $28.17.

Community West Bancshares Stock Down 0.7%

NASDAQ:CWBC opened at $25.82 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $700.50 million, a P/E ratio of 13.96 and a beta of 0.80. Community West Bancshares has a fifty-two week low of $19.78 and a fifty-two week high of $28.17. The firm has a 50-day simple moving average of $26.24 and a two-hundred day simple moving average of $24.65.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.15. The firm had revenue of $54.30 million for the quarter, compared to analysts' expectations of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. Analysts predict that Community West Bancshares will post 2.38 earnings per share for the current fiscal year.

Community West Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, August 7th. Community West Bancshares's dividend payout ratio (DPR) is currently 25.95%.

Community West Bancshares Company Profile

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company's product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.

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