The Manufacturers Life Insurance Company Invests $9.09 Million in Community West Bancshares $CWBC

The Manufacturers Life Insurance Company purchased a new stake in Community West Bancshares (NASDAQ:CWBCFree Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 338,451 shares of the financial services provider’s stock, valued at approximately $9,091,000. The Manufacturers Life Insurance Company owned about 1.25% of Community West Bancshares at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its holdings in Community West Bancshares by 17.6% in the fourth quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 560 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Community West Bancshares by 3.3% during the fourth quarter. Hsbc Holdings PLC now owns 22,919 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 723 shares during the period. First Trust Advisors LP raised its holdings in shares of Community West Bancshares by 7.0% during the second quarter. First Trust Advisors LP now owns 12,165 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 794 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Community West Bancshares by 4.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider’s stock worth $553,000 after buying an additional 1,111 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Community West Bancshares by 75.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock valued at $63,000 after buying an additional 1,393 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

Community West Bancshares Stock Performance

Shares of CWBC opened at $25.82 on Friday. The firm has a fifty day moving average of $26.24 and a 200-day moving average of $24.65. The company has a market cap of $700.50 million, a price-to-earnings ratio of 13.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. Community West Bancshares has a 1 year low of $19.78 and a 1 year high of $28.17.

Community West Bancshares (NASDAQ:CWBCGet Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.15. The firm had revenue of $54.30 million for the quarter, compared to the consensus estimate of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. As a group, equities analysts anticipate that Community West Bancshares will post 2.38 earnings per share for the current year.

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.12 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.95%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CWBC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Wall Street Zen raised Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Community West Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Check Out Our Latest Research Report on CWBC

Insider Buying and Selling at Community West Bancshares

In other Community West Bancshares news, Director Jagroop Gill purchased 4,770 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $24.88 per share, with a total value of $118,677.60. Following the completion of the acquisition, the director owned 588,067 shares in the company, valued at approximately $14,631,106.96. This represents a 0.82% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 5,339 shares of company stock worth $132,169 over the last quarter. Insiders own 9.03% of the company’s stock.

Community West Bancshares Profile

(Free Report)

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.

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Institutional Ownership by Quarter for Community West Bancshares (NASDAQ:CWBC)

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