Community West Bancshares (NASDAQ:CWBC) Stock Holdings Lifted by Barclays PLC

Barclays PLC raised its position in shares of Community West Bancshares (NASDAQ:CWBC) by 228.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,057 shares of the financial services provider’s stock after purchasing an additional 15,343 shares during the period. Barclays PLC owned 0.12% of Community West Bancshares worth $424,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Community West Bancshares during the second quarter valued at approximately $106,000. SG Americas Securities LLC bought a new position in shares of Community West Bancshares during the 3rd quarter valued at $132,000. Bridgewealth Advisory Group LLC acquired a new stake in shares of Community West Bancshares in the 2nd quarter valued at $226,000. Mount Yale Investment Advisors LLC bought a new stake in Community West Bancshares in the second quarter worth $268,000. Finally, Rhumbline Advisers acquired a new position in Community West Bancshares during the second quarter worth $405,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Robert Bartlein bought 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 433,876 shares in the company, valued at $8,135,175. This represents a 0.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven D. Mcdonald sold 1,860 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.51, for a total value of $40,008.60. Following the transaction, the director now owns 315,531 shares in the company, valued at $6,787,071.81. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 2,432 shares of company stock valued at $45,616. 11.15% of the stock is owned by company insiders.

Community West Bancshares Stock Performance

Shares of CWBC opened at $18.90 on Friday. The company has a market capitalization of $358.16 million, a PE ratio of 28.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. Community West Bancshares has a one year low of $15.50 and a one year high of $24.47. The company’s fifty day moving average price is $20.29 and its 200 day moving average price is $19.71.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.12 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.54%. Community West Bancshares’s payout ratio is 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.