Susquehanna Fundamental Investments LLC raised its stake in Community West Bancshares (NASDAQ:CWBC – Free Report) by 160.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,414 shares of the financial services provider’s stock after purchasing an additional 32,301 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Community West Bancshares were worth $1,408,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp acquired a new position in Community West Bancshares during the first quarter worth $38,000. Russell Investments Group Ltd. lifted its stake in Community West Bancshares by 623.7% in the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,709 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Community West Bancshares in the 2nd quarter valued at about $46,000. Legal & General Group Plc acquired a new position in shares of Community West Bancshares during the 2nd quarter worth about $64,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Community West Bancshares by 75.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,393 shares during the last quarter. 33.80% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Jagroop Gill bought 4,770 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $24.88 per share, for a total transaction of $118,677.60. Following the completion of the acquisition, the director directly owned 588,067 shares in the company, valued at approximately $14,631,106.96. This represents a 0.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have purchased 5,374 shares of company stock valued at $133,078. 9.03% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on CWBC
Community West Bancshares Trading Down 0.8%
Shares of CWBC stock opened at $25.73 on Wednesday. The stock has a 50 day simple moving average of $26.25 and a 200 day simple moving average of $24.67. The stock has a market cap of $698.05 million, a P/E ratio of 13.91 and a beta of 0.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.12. Community West Bancshares has a 1 year low of $19.78 and a 1 year high of $28.17.
Community West Bancshares (NASDAQ:CWBC – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. The business had revenue of $54.30 million during 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%. On average, research analysts predict that Community West Bancshares will post 2.38 earnings per share for the current fiscal year.
Community West Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 7th. Community West Bancshares’s dividend payout ratio (DPR) is 25.95%.
Community West Bancshares Company Profile
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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