Squarepoint Ops LLC Invests $329,000 in Community West Bancshares (NASDAQ:CWBC)

Squarepoint Ops LLC bought a new stake in Community West Bancshares (NASDAQ:CWBC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,983 shares of the financial services provider's stock, valued at approximately $329,000. Squarepoint Ops LLC owned about 0.09% of Community West Bancshares at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CWBC. Spire Wealth Management acquired a new position in Community West Bancshares in the fourth quarter valued at $27,000. Kestra Private Wealth Services LLC grew its position in Community West Bancshares by 7.2% during 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 acquiring an additional 1,598 shares during the period. Rhumbline Advisers increased its stake in Community West Bancshares by 12.8% during the fourth quarter. Rhumbline Advisers now owns 21,387 shares of the financial services provider's stock worth $414,000 after acquiring an additional 2,430 shares during the last quarter. PL Capital Advisors LLC increased its stake in Community West Bancshares by 1,837.0% during the fourth quarter. PL Capital Advisors LLC now owns 8,242,923 shares of the financial services provider's stock worth $159,665,000 after acquiring an additional 7,817,372 shares during the last quarter. Finally, US Bancorp DE acquired a new stake in Community West Bancshares during the fourth quarter worth about $56,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert Bartlein acquired 2,001 shares of the business's stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $17.19 per share, for a total transaction of $34,397.19. Following the completion of the purchase, the director now directly owns 440,877 shares of the company's stock, valued at $7,578,675.63. This represents a 0.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 5,425 shares of company stock worth $93,836. 10.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on CWBC shares. Keefe, Bruyette & Woods dropped their price target on Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler decreased their target price on Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd.

Community West Bancshares Stock Up 1.8%

Shares of NASDAQ CWBC traded up $0.33 on Tuesday, hitting $18.59. The company had a trading volume of 123,662 shares, compared to its average volume of 53,888. Community West Bancshares has a 12-month low of $15.57 and a 12-month high of $22.89. The business has a 50 day moving average of $17.39 and a two-hundred day moving average of $18.68. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $354.34 million, a P/E ratio of 35.75 and a beta of 0.75.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. The business had revenue of $34.79 million during the quarter, compared to analyst estimates of $35.05 million. As a group, equities research analysts forecast that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Friday, May 2nd. Community West Bancshares's dividend payout ratio (DPR) is 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.