Geode Capital Management LLC Acquires 24,294 Shares of Community West Bancshares (NASDAQ:CWBC)

Geode Capital Management LLC increased its stake in Community West Bancshares (NASDAQ:CWBC) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 389,248 shares of the financial services provider’s stock after acquiring an additional 24,294 shares during the quarter. Geode Capital Management LLC owned 2.05% of Community West Bancshares worth $7,499,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Community West Bancshares in the second quarter worth $1,770,000. Rhumbline Advisers bought a new position in shares of Community West Bancshares during the 2nd quarter worth about $405,000. Acadian Asset Management LLC acquired a new stake in shares of Community West Bancshares in the 2nd quarter valued at about $106,000. LSV Asset Management bought a new stake in Community West Bancshares in the 2nd quarter valued at about $1,507,000. Finally, Private Management Group Inc. raised its stake 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 worth $10,313,000 after buying an additional 27,967 shares during the period. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Down 1.7 %

Community West Bancshares stock opened at $19.05 on Friday. The firm has a market capitalization of $360.92 million, a price-to-earnings ratio of 28.86 and a beta of 0.90. The firm’s fifty day moving average price is $20.41 and its two-hundred day moving average price is $19.61. Community West Bancshares has a 1-year low of $15.50 and a 1-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.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.12 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.48 annualized dividend and a yield of 2.52%. Community West Bancshares’s payout ratio is 72.73%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price objective on Community West Bancshares from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling at Community West Bancshares

In other news, Director Robert Bartlein bought 2,000 shares of the stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director now directly owns 433,876 shares in the company, valued at approximately $8,135,175. This trade represents a 0.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven D. Mcdonald sold 1,860 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.51, for a total transaction of $40,008.60. Following the transaction, the director now directly owns 315,531 shares in the company, valued at $6,787,071.81. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 2,432 shares of company stock worth $45,616. Insiders own 11.15% of the company’s stock.

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.