Acadian Asset Management LLC Buys Shares of 5,731 Community West Bancshares (NASDAQ:CWBC)

Acadian Asset Management LLC purchased a new position in shares of Community West Bancshares (NASDAQ:CWBC) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,731 shares of the financial services provider’s stock, valued at approximately $106,000.

Other large investors have also made changes to their positions in the company. Rhumbline Advisers acquired a new position in Community West Bancshares during the second quarter valued at approximately $405,000. Bfsg LLC acquired a new position in shares of Community West Bancshares during the 2nd quarter worth $82,000. Bank of New York Mellon Corp bought a new stake in shares of Community West Bancshares during the 2nd quarter worth $1,770,000. Private Wealth Advisors LLC acquired a new stake in Community West Bancshares in the second quarter valued at about $267,000. Finally, Black Maple Capital Management LP grew its position in Community West Bancshares by 81.9% in the first quarter. Black Maple Capital Management LP now owns 31,781 shares of the financial services provider’s stock valued at $632,000 after acquiring an additional 14,306 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $20.01 on Friday. The stock’s 50-day moving average is $19.97 and its 200-day moving average is $18.13. The stock has a market cap of $377.59 million, a P/E ratio of 10.59 and a beta of 0.87. Community West Bancshares has a 1-year low of $13.55 and a 1-year high of $24.47. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

Community West Bancshares (NASDAQ:CWBC) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.42. The firm had revenue of $30.46 million for the quarter, compared to analyst estimates of $37.14 million. Community West Bancshares had a net margin of 7.51% and a return on equity of 9.99%. Equities research analysts anticipate that Community West Bancshares will post 1.42 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Friday, August 2nd. Community West Bancshares’s dividend payout ratio is currently 25.40%.

Insiders Place Their Bets

In other news, EVP Patrick A. Luis sold 1,650 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $19.37, for a total value of $31,960.50. Following the completion of the sale, the executive vice president now owns 27,586 shares of the company’s stock, valued at $534,340.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 11.15% of the company’s stock.

Analysts Set New Price Targets

CWBC has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Community West Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Piper Sandler raised their target price on shares of Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.33.

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.