State Street Corp Boosts Stake in Community West Bancshares (NASDAQ:CWBC)

State Street Corp lifted its holdings in shares of Community West Bancshares (NASDAQ:CWBC) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,944 shares of the financial services provider’s stock after buying an additional 28,695 shares during the period. State Street Corp owned approximately 1.33% of Community West Bancshares worth $4,852,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Community West Bancshares by 284.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider’s stock valued at $11,864,000 after acquiring an additional 474,671 shares during the last quarter. Systematic Financial Management LP bought a new position in Community West Bancshares during the second quarter valued at approximately $4,842,000. The Manufacturers Life Insurance Company boosted its holdings in Community West Bancshares by 198.0% in the second quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock worth $6,770,000 after purchasing an additional 243,165 shares during the last quarter. Fourthstone LLC grew its position in Community West Bancshares by 8.7% in the 3rd quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock worth $35,993,000 after purchasing an additional 149,506 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Community West Bancshares during the 2nd quarter valued at $1,770,000. 33.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert Bartlein purchased 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $18.75 per share, for a total transaction 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 trade represents a 0.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven D. Mcdonald sold 1,860 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $21.51, for a total transaction of $40,008.60. Following the sale, the director now 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. Insiders acquired a total of 2,432 shares of company stock valued at $45,616 in the last 90 days. Company insiders own 11.15% of the company’s stock.

Community West Bancshares Price Performance

Shares of NASDAQ:CWBC opened at $19.40 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 stock has a market capitalization of $367.55 million, a PE ratio of 29.39 and a beta of 0.90. The firm’s 50 day moving average price is $20.36 and its 200-day moving average price is $19.58. Community West Bancshares has a twelve month low of $15.50 and a twelve month high of $24.47.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.48 annualized dividend and a yield of 2.47%. Community West Bancshares’s payout ratio is presently 72.73%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised 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.

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.