BNP Paribas Financial Markets Has $69,000 Stake in Community West Bancshares (NASDAQ:CWBC)

BNP Paribas Financial Markets reduced its stake in Community West Bancshares (NASDAQ:CWBC) by 17.4% in the 3rd quarter, Holdings Channel reports. The firm owned 3,559 shares of the financial services provider’s stock after selling 752 shares during the period. BNP Paribas Financial Markets’ holdings in Community West Bancshares were worth $69,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Community West Bancshares in the second quarter valued at approximately $1,770,000. Bfsg LLC bought a new position in Community West Bancshares in the 2nd quarter worth $82,000. Rhumbline Advisers acquired a new position in Community West Bancshares during the 2nd quarter worth $405,000. Acadian Asset Management LLC bought a new stake in Community West Bancshares during the second quarter valued at about $106,000. Finally, LSV Asset Management acquired a new stake in shares of Community West Bancshares in the second quarter valued at about $1,507,000. Institutional investors own 33.80% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven D. Mcdonald sold 1,860 shares of Community West Bancshares stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.51, for a total transaction of $40,008.60. Following the sale, the director now directly owns 315,531 shares in the company, valued at approximately $6,787,071.81. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Bartlein purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $18.75 per share, with a total value of $37,500.00. Following the transaction, the director now directly owns 433,876 shares of the company’s stock, valued at approximately $8,135,175. This represents a 0.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 2,432 shares of company stock worth $45,616. 11.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their target price on Community West Bancshares from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $19.80 on Friday. The firm’s 50-day moving average is $20.29 and its 200-day moving average is $19.45. The company has a market cap of $375.13 million, a price-to-earnings ratio of 30.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47.

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.12 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.48 annualized dividend and a yield of 2.42%. Community West Bancshares’s dividend payout ratio (DPR) is 72.73%.

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.