Bridgewealth Advisory Group LLC Takes Position in Community West Bancshares (NASDAQ:CWBC)

Bridgewealth Advisory Group LLC bought a new position in shares of Community West Bancshares (NASDAQ:CWBC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,240 shares of the financial services provider’s stock, valued at approximately $226,000. Bridgewealth Advisory Group LLC owned about 0.06% of Community West Bancshares at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bfsg LLC acquired a new position in shares of Community West Bancshares during the 2nd quarter worth about $82,000. Acadian Asset Management LLC bought a new position in Community West Bancshares during the second quarter worth about $106,000. Private Wealth Advisors LLC acquired a new position in Community West Bancshares during the second quarter worth approximately $267,000. Mount Yale Investment Advisors LLC bought a new stake in Community West Bancshares in the second quarter valued at approximately $268,000. Finally, Black Maple Capital Management LP raised its stake in Community West Bancshares by 8.8% in the fourth quarter. Black Maple Capital Management LP now owns 17,475 shares of the financial services provider’s stock valued at $304,000 after buying an additional 1,417 shares during the period. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Piper Sandler boosted their target price on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. StockNews.com cut shares of Community West Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.33.

Insiders Place Their Bets

In other Community West Bancshares news, EVP Patrick A. Luis sold 1,650 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $19.37, for a total transaction of $31,960.50. Following the transaction, the executive vice president now owns 27,586 shares in the company, valued at approximately $534,340.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.15% of the company’s stock.

Community West Bancshares Price Performance

Community West Bancshares stock opened at $20.01 on Friday. The company has a market capitalization of $377.59 million, a price-to-earnings ratio of 10.59 and a beta of 0.87. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. Community West Bancshares has a 12 month low of $13.55 and a 12 month high of $24.47. The stock’s 50 day moving average is $19.97 and its 200-day moving average is $18.13.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.42. Community West Bancshares had a return on equity of 9.99% and a net margin of 7.51%. The firm had revenue of $30.46 million for the quarter, compared to analyst estimates of $37.14 million. Equities research analysts expect that Community West Bancshares will post 1.42 EPS for the current year.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Friday, August 2nd. Community West Bancshares’s dividend payout ratio is 25.40%.

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.