Potentia Wealth Acquires New Holdings in Community West Bancshares (NASDAQ:CWBC)

Potentia Wealth bought a new position in shares of Community West Bancshares (NASDAQ:CWBC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,092 shares of the financial services provider’s stock, valued at approximately $254,000. Potentia Wealth owned 0.07% of Community West Bancshares at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CWBC. PL Capital Advisors LLC grew its stake in shares of Community West Bancshares by 1,837.0% in the fourth quarter. PL Capital Advisors LLC now owns 8,242,923 shares of the financial services provider’s stock valued at $159,665,000 after buying an additional 7,817,372 shares in the last quarter. Fourthstone LLC increased its position in shares of Community West Bancshares by 8.7% during the third quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock worth $35,993,000 after acquiring an additional 149,506 shares during the period. Geode Capital Management LLC raised its stake in shares of Community West Bancshares by 6.7% in the third quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock valued at $7,499,000 after acquiring an additional 24,294 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of Community West Bancshares by 11.9% in the third quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider’s stock valued at $5,640,000 after acquiring an additional 31,075 shares in the last quarter. Finally, State Street Corp boosted its holdings in Community West Bancshares by 12.9% in the third quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock valued at $4,852,000 after purchasing an additional 28,695 shares during the period. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, President Martin E. Plourd sold 7,732 shares of Community West Bancshares stock in a transaction on Friday, February 7th. The shares were sold at an average price of $19.26, for a total value of $148,918.32. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James J. Kim purchased 1,600 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $17.36 per share, for a total transaction of $27,776.00. Following the acquisition, the chief executive officer now owns 60,178 shares of the company’s stock, valued at approximately $1,044,690.08. The trade was 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 5,748 shares of company stock worth $103,747. Corporate insiders own 11.15% of the company’s stock.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC opened at $18.64 on Tuesday. The stock’s 50-day simple moving average is $18.80 and its 200-day simple moving average is $19.44. The firm has a market capitalization of $355.11 million, a PE ratio of 35.85 and a beta of 0.91. Community West Bancshares has a fifty-two week low of $14.99 and a fifty-two week high of $24.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82.

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

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Friday, February 7th. Community West Bancshares’s payout ratio is 92.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reduced their price target on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Friday, January 24th. DA Davidson reduced their target price on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Finally, StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th.

About Community West Bancshares

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.