Community West Bancshares (NASDAQ:CWBC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its holdings in Community West Bancshares (NASDAQ:CWBC) by 17.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,559 shares of the financial services provider’s stock after selling 752 shares during the quarter. BNP Paribas Financial Markets’ holdings in Community West Bancshares were worth $69,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of Community West Bancshares by 5.4% in the third quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock valued at $1,473,000 after buying an additional 3,886 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Community West Bancshares in the 3rd quarter valued at $847,000. SG Americas Securities LLC purchased a new position in Community West Bancshares in the 3rd quarter worth about $132,000. Systematic Financial Management LP acquired a new stake in Community West Bancshares during the 2nd quarter worth about $4,842,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Community West Bancshares by 198.0% during the second 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 in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted 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.

Insider Buying and Selling at Community West Bancshares

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

Community West Bancshares Trading Down 1.1 %

Shares of NASDAQ CWBC opened at $19.80 on Friday. The firm has a market capitalization of $375.13 million, a PE ratio of 30.00 and a beta of 0.90. Community West Bancshares has a one year low of $15.50 and a one year high of $24.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $20.29 and a two-hundred day moving average price of $19.45.

Community West Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 2.42%. The ex-dividend date of this dividend was Friday, November 8th. Community West Bancshares’s payout ratio is presently 72.73%.

About Community West Bancshares

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.