Community West Bancshares (NASDAQ:CWBC) Holdings Boosted by Barclays PLC

Barclays PLC grew its holdings in Community West Bancshares (NASDAQ:CWBC) by 228.5% in the third quarter, Holdings Channel.com reports. The firm owned 22,057 shares of the financial services provider’s stock after purchasing an additional 15,343 shares during the period. Barclays PLC’s holdings in Community West Bancshares were worth $424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CWBC. State Street Corp lifted its stake in Community West Bancshares by 12.9% in the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after acquiring an additional 28,695 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of Community West Bancshares by 11.9% in the 3rd quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider’s stock valued at $5,640,000 after purchasing an additional 31,075 shares during the period. Fourthstone LLC lifted its position in shares of Community West Bancshares by 8.7% in the third quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock worth $35,993,000 after purchasing an additional 149,506 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Community West Bancshares by 5.4% during the third quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 3,886 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in Community West Bancshares during the third quarter valued at approximately $847,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analysts Set New Price Targets

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

Community West Bancshares Stock Up 0.5 %

CWBC opened at $19.14 on Friday. The company has a market capitalization of $362.63 million, a PE ratio of 29.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The business has a 50-day moving average of $20.42 and a 200-day moving average of $19.63.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Friday, November 8th. Community West Bancshares’s dividend payout ratio is 72.73%.

Insider Transactions at Community West Bancshares

In other news, Director Steven D. Mcdonald sold 9,155 shares of Community West Bancshares stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $21.51, for a total value of $196,924.05. Following the transaction, the director now owns 317,391 shares of the company’s stock, valued at $6,827,080.41. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Bartlein acquired 2,000 shares of Community West Bancshares stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $18.75 per share, with a total value of $37,500.00. Following the completion of the purchase, the director now directly owns 433,876 shares of the company’s stock, valued at $8,135,175. The trade was a 0.46 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,432 shares of company stock worth $45,616 in the last 90 days. 11.15% of the stock is owned by insiders.

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.