Charles Schwab Investment Management Inc. Raises Holdings in Community West Bancshares (NASDAQ:CWBC)

Charles Schwab Investment Management Inc. raised its position in Community West Bancshares (NASDAQ:CWBC) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,419 shares of the financial services provider’s stock after buying an additional 1,623 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.26% of Community West Bancshares worth $938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management purchased a new stake in Community West Bancshares during the 4th quarter valued at approximately $27,000. US Bancorp DE acquired a new stake in shares of Community West Bancshares in the 4th quarter worth $56,000. Rhumbline Advisers boosted its holdings in shares of Community West Bancshares by 12.8% in the fourth quarter. Rhumbline Advisers now owns 21,387 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 2,430 shares in the last quarter. Barclays PLC increased its stake in shares of Community West Bancshares by 228.5% during the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 15,343 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in Community West Bancshares by 7.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 1,598 shares in the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Community West Bancshares Stock Down 1.6 %

Shares of NASDAQ:CWBC opened at $18.40 on Monday. 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 market capitalization of $350.54 million, a P/E ratio of 35.39 and a beta of 0.91. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47. The stock’s fifty day simple moving average is $18.80 and its 200-day simple moving average is $19.40.

Community West Bancshares (NASDAQ:CWBC) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. As a group, equities research analysts forecast that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, February 7th. Community West Bancshares’s payout ratio is 92.31%.

Insider Buying and Selling

In other Community West Bancshares news, President Martin E. Plourd sold 7,732 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $19.26, for a total transaction of $148,918.32. Following the transaction, the president now owns 82,737 shares of the company’s stock, valued at $1,593,514.62. This represents a 8.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James J. Kim acquired 1,600 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $17.36 per share, with a total value of $27,776.00. Following the transaction, the chief executive officer now owns 60,178 shares of the company’s stock, valued at approximately $1,044,690.08. This trade represents a 2.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 5,805 shares of company stock worth $104,788. 11.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CWBC has been the topic of several recent analyst reports. DA Davidson dropped their target price on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price objective on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a report on Friday, January 24th. Finally, StockNews.com raised Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 27th.

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.