US Bancorp DE Makes New Investment in Community West Bancshares (NASDAQ:CWBC)

US Bancorp DE acquired a new position in Community West Bancshares (NASDAQ:CWBC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,906 shares of the financial services provider’s stock, valued at approximately $56,000.

Several other large investors have also recently bought and sold shares of the business. Spire Wealth Management acquired a new stake in Community West Bancshares in the fourth quarter valued at $27,000. Kestra Private Wealth Services LLC grew its holdings in Community West Bancshares by 7.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 1,598 shares during the last quarter. Rhumbline Advisers grew its holdings in 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 purchasing an additional 2,430 shares during the last quarter. Empowered Funds LLC grew its holdings in Community West Bancshares by 5.4% in the third quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock valued at $1,473,000 after purchasing an additional 3,886 shares during the last quarter. Finally, Barclays PLC grew its holdings in Community West Bancshares by 228.5% in the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 15,343 shares during the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Down 0.2 %

CWBC opened at $18.03 on Wednesday. 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 firm has a market cap of $341.60 million, a P/E ratio of 34.67 and a beta of 0.91. Community West Bancshares has a 52 week low of $14.52 and a 52 week high of $24.47. The business’s fifty day simple moving average is $18.78 and its 200 day simple moving average is $19.50.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 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 anticipate that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, February 7th. Community West Bancshares’s payout ratio is currently 92.31%.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, CEO James J. Kim purchased 1,600 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $17.36 per share, with a total value of $27,776.00. Following the purchase, the chief executive officer now owns 60,178 shares in the company, valued at approximately $1,044,690.08. This represents a 2.73 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Martin E. Plourd sold 7,732 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $19.26, for a total value of $148,918.32. Following the completion of the sale, the president now directly owns 82,737 shares in the company, valued at approximately $1,593,514.62. The trade was a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 5,748 shares of company stock valued at $103,747 over the last quarter. Insiders own 11.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson lowered their target price on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their target price on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday, January 24th. Finally, StockNews.com raised Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th.

Community West Bancshares 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.