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

Barclays PLC lifted its holdings in shares of Community West Bancshares (NASDAQ:CWBC) by 228.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,057 shares of the financial services provider’s stock after buying an additional 15,343 shares during the period. Barclays PLC owned 0.12% of Community West Bancshares worth $424,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, Director Steven D. Mcdonald sold 9,155 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $21.51, for a total transaction of $196,924.05. Following the transaction, the director now owns 317,391 shares in the company, valued at $6,827,080.41. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Bartlein bought 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was purchased at an average price 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 of the company’s stock, valued at $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 2,432 shares of company stock valued at $45,616 over the last 90 days. 11.15% of the stock is currently owned by company insiders.

Community West Bancshares Stock Performance

Shares of CWBC stock opened at $19.14 on Friday. The business has a 50 day simple moving average of $20.42 and a 200 day simple moving average of $19.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $362.63 million, a price-to-earnings ratio of 29.00 and a beta of 0.92. Community West Bancshares has a 12-month low of $15.50 and a 12-month high of $24.47.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, November 8th. Community West Bancshares’s dividend payout ratio is currently 72.73%.

Analyst Upgrades and Downgrades

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