PL Capital Advisors LLC Has $9.72 Million Stock Holdings in Community West Bancshares (NASDAQ:CWBC)

PL Capital Advisors LLC reduced its stake in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 558,675 shares of the financial services provider's stock after selling 66,890 shares during the quarter. Community West Bancshares comprises about 3.4% of PL Capital Advisors LLC's investment portfolio, making the stock its 8th largest holding. PL Capital Advisors LLC owned 6.31% of Community West Bancshares worth $9,715,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. TheStreet cut shares of Community West Bancshares from a "b-" rating to a "c+" rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods lowered their target price on Community West Bancshares from $23.00 to $22.00 and set a "market perform" rating on the stock in a report on Monday, April 22nd. Piper Sandler lifted their target price on Community West Bancshares from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Monday, April 15th. Finally, StockNews.com lowered Community West Bancshares from a "hold" rating to a "sell" rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Community West Bancshares has an average rating of "Hold" and a consensus target price of $20.33.

Community West Bancshares Trading Down 0.9 %

CWBC traded down $0.17 during trading on Friday, reaching $17.83. The company had a trading volume of 21,241 shares, compared to its average volume of 92,663. The firm's 50-day simple moving average is $16.21 and its 200 day simple moving average is $15.26. The company has a market cap of $158.85 million, a price-to-earnings ratio of 9.43 and a beta of 0.85. Community West Bancshares has a 12-month low of $12.59 and a 12-month high of $24.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.65 and a current ratio of 0.65.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.19). The company had revenue of $11.02 million during the quarter, compared to analysts' expectations of $11.60 million. Community West Bancshares had a return on equity of 11.58% and a net margin of 20.04%. Equities research analysts anticipate that Community West Bancshares will post 1.58 earnings per share for the current year.

Community West Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.69%. This is a boost from Community West Bancshares's previous quarterly dividend of $0.08. Community West Bancshares's dividend payout ratio (DPR) is currently 25.40%.

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.