Victory Capital Management Inc. Invests $847,000 in Community West Bancshares (NASDAQ:CWBC)

Victory Capital Management Inc. purchased a new stake in shares of Community West Bancshares (NASDAQ:CWBC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 44,000 shares of the financial services provider’s stock, valued at approximately $847,000. Victory Capital Management Inc. owned about 0.23% of Community West Bancshares as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Community West Bancshares by 284.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider’s stock valued at $11,864,000 after buying an additional 474,671 shares during the last quarter. Private Management Group Inc. raised its holdings in Community West Bancshares by 5.3% during the 2nd quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider’s stock valued at $10,313,000 after buying an additional 27,967 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Community West Bancshares by 198.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock valued at $6,770,000 after buying an additional 243,165 shares during the last quarter. Systematic Financial Management LP bought a new stake in Community West Bancshares during the 2nd quarter valued at $4,842,000. Finally, American Century Companies Inc. raised its holdings in Community West Bancshares by 24.6% during the 2nd quarter. American Century Companies Inc. now owns 120,070 shares of the financial services provider’s stock valued at $2,221,000 after buying an additional 23,738 shares during the last quarter. 33.80% of the stock is currently owned by institutional investors.

Community West Bancshares Trading Down 0.4 %

NASDAQ:CWBC opened at $21.96 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $19.46 and a 200 day moving average of $18.97. The firm has a market capitalization of $416.14 million, a P/E ratio of 33.27 and a beta of 0.87. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Friday, November 8th. Community West Bancshares’s payout ratio is currently 72.73%.

Insider Buying and Selling at Community West Bancshares

In related news, Director Robert Bartlein acquired 2,000 shares of Community West Bancshares stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $18.75 per share, with a total value of $37,500.00. Following the transaction, the director now owns 433,876 shares in the company, valued at $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have purchased 2,610 shares of company stock valued at $47,383. 11.15% of the stock is currently owned by company insiders.

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.