Mercer Global Advisors Inc. ADV Invests $414,000 in Community West Bancshares (NASDAQ:CWBC)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,382 shares of the financial services provider's stock, valued at approximately $414,000. Mercer Global Advisors Inc. ADV owned about 0.11% of Community West Bancshares as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in Community West Bancshares during the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC boosted its stake in shares of Community West Bancshares by 33.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider's stock worth $41,000 after buying an additional 529 shares during the last quarter. US Bancorp DE purchased a new position in shares of Community West Bancshares in the 4th quarter worth approximately $56,000. Forum Financial Management LP purchased a new position in shares of Community West Bancshares in the 4th quarter worth approximately $245,000. Finally, Potentia Wealth purchased a new position in shares of Community West Bancshares in the 4th quarter worth approximately $254,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Community West Bancshares Stock Performance

Shares of NASDAQ:CWBC traded down $0.01 during mid-day trading on Monday, reaching $18.40. The company had a trading volume of 74,102 shares, compared to its average volume of 53,210. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $350.72 million, a price-to-earnings ratio of 35.39 and a beta of 0.76. The company's 50-day moving average price is $17.51 and its 200-day moving average price is $18.93. Community West Bancshares has a one year low of $15.57 and a one year high of $22.89.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The company had revenue of $34.79 million during the quarter, compared to the consensus estimate 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, equities research analysts anticipate that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.61%. Community West Bancshares's dividend payout ratio (DPR) is presently 73.85%.

Insider Buying and Selling

In related news, Director Robert Bartlein purchased 2,001 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average price of $17.19 per share, with a total value of $34,397.19. Following the acquisition, the director now owns 440,877 shares of the company's stock, valued at $7,578,675.63. This trade represents a 0.46% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James J. Kim bought 1,600 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $17.36 per share, for a total transaction of $27,776.00. Following the acquisition, the chief executive officer now directly owns 60,178 shares in the company, valued at approximately $1,044,690.08. This trade represents a 2.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 9,415 shares of company stock valued at $167,579. 10.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CWBC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. DA Davidson cut their target price on Community West Bancshares from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Piper Sandler cut their target price on Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, StockNews.com upgraded Community West Bancshares from a "sell" rating to a "hold" rating in a research note on Monday, January 27th.

About Community West Bancshares

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.