Mount Yale Investment Advisors LLC Makes New Investment in Community West Bancshares (NASDAQ:CWBC)

Mount Yale Investment Advisors LLC purchased a new stake in Community West Bancshares (NASDAQ:CWBC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 14,497 shares of the financial services provider’s stock, valued at approximately $268,000. Mount Yale Investment Advisors LLC owned 0.08% of Community West Bancshares at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bfsg LLC purchased a new stake in Community West Bancshares in the 2nd quarter valued at about $82,000. Acadian Asset Management LLC acquired a new position in shares of Community West Bancshares in the 2nd quarter worth approximately $106,000. Private Wealth Advisors LLC purchased a new position in shares of Community West Bancshares during the 2nd quarter worth approximately $267,000. Black Maple Capital Management LP increased its holdings in Community West Bancshares by 8.8% in the 4th quarter. Black Maple Capital Management LP now owns 17,475 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in Community West Bancshares in the second quarter valued at approximately $405,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Patrick A. Luis sold 1,650 shares of Community West Bancshares stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.37, for a total transaction of $31,960.50. Following the completion of the sale, the executive vice president now directly owns 27,586 shares of the company’s stock, valued at approximately $534,340.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.15% of the stock is currently owned by company insiders.

Community West Bancshares Stock Down 1.0 %

Community West Bancshares stock opened at $19.38 on Wednesday. The firm has a market capitalization of $365.70 million, a P/E ratio of 10.25 and a beta of 0.87. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. Community West Bancshares has a twelve month low of $13.55 and a twelve month high of $24.47. The stock’s fifty day simple moving average is $19.92 and its 200-day simple moving average is $18.21.

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

Community West Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.48%. The ex-dividend date was Friday, August 2nd. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.40%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CWBC shares. StockNews.com cut Community West Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Piper Sandler lifted their target price on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.