American Century Companies Inc. Acquires 23,738 Shares of Community West Bancshares (NASDAQ:CWBC)

American Century Companies Inc. increased its holdings in Community West Bancshares (NASDAQ:CWBC) by 24.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,070 shares of the financial services provider’s stock after acquiring an additional 23,738 shares during the period. American Century Companies Inc. owned about 0.64% of Community West Bancshares worth $2,221,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Private Management Group Inc. grew its holdings in shares of Community West Bancshares by 5.3% in the second quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider’s stock valued at $10,313,000 after acquiring an additional 27,967 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Community West Bancshares during the second quarter valued at $1,770,000. LSV Asset Management bought a new position in Community West Bancshares during the second quarter valued at $1,507,000. ClariVest Asset Management LLC bought a new position in Community West Bancshares during the second quarter valued at $933,000. Finally, Black Maple Capital Management LP grew its holdings in Community West Bancshares by 81.9% during 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 purchasing an additional 14,306 shares during the period. 33.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Patrick A. Luis sold 1,650 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $19.37, for a total value of $31,960.50. Following the sale, the executive vice president now owns 27,586 shares in the company, valued at $534,340.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.15% of the stock is currently owned by company insiders.

Community West Bancshares Trading Up 0.1 %

NASDAQ:CWBC opened at $19.27 on Friday. The company has a market cap of $363.62 million, a P/E ratio of 10.20 and a beta of 0.87. The stock’s fifty day moving average price is $19.81 and its two-hundred day moving average price is $18.26. Community West Bancshares has a 1 year low of $13.55 and a 1 year high of $24.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80.

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

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a $0.12 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.49%. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.40%.

Wall Street Analysts Forecast Growth

CWBC has been the subject of several research reports. Piper Sandler increased their price objective on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. StockNews.com downgraded Community West Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.