Community West Bancshares $CWBC Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in Community West Bancshares (NASDAQ:CWBC) by 159.1% during the first quarter, Holdings Channel reports. The firm owned 70,984 shares of the financial services provider’s stock after purchasing an additional 43,590 shares during the period. Sei Investments Co.’s holdings in Community West Bancshares were worth $1,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CWBC. KERR FINANCIAL PLANNING Corp bought a new stake in Community West Bancshares during the first quarter worth approximately $38,000. Russell Investments Group Ltd. increased its holdings in shares of Community West Bancshares by 623.7% in the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,709 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Community West Bancshares during the 2nd quarter valued at $46,000. Tower Research Capital LLC TRC lifted its position in shares of Community West Bancshares by 75.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,393 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Community West Bancshares by 2,945.9% during the 4th quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 3,270 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Community West Bancshares Price Performance

CWBC opened at $24.90 on Tuesday. The stock has a fifty day moving average of $25.97 and a 200-day moving average of $24.49. The firm has a market capitalization of $675.54 million, a P/E ratio of 13.46 and a beta of 0.80. Community West Bancshares has a 12-month low of $18.77 and a 12-month high of $28.17. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.30 by $0.15. Community West Bancshares had a return on equity of 11.35% and a net margin of 16.86%.The business had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $55.65 million. Equities analysts forecast that Community West Bancshares will post 2.38 EPS for the current fiscal year.

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.95%.

Analyst Upgrades and Downgrades

CWBC has been the topic of a number of recent research reports. Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. DA Davidson reiterated a “buy” rating and issued a $29.00 price target on shares of Community West Bancshares in a research report on Tuesday, April 28th. Piper Sandler lifted their price target on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Community West Bancshares in a report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.17.

Insider Buying and Selling

In other Community West Bancshares news, Director Jagroop Gill bought 4,770 shares of the stock in a transaction on Monday, August 10th. The shares were bought at an average price of $24.88 per share, with a total value of $118,677.60. Following the purchase, the director directly owned 588,067 shares in the company, valued at $14,631,106.96. The trade was a 0.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders bought 5,287 shares of company stock worth $130,256. Company insiders own 9.03% of the company’s stock.

Community West Bancshares Company Profile

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.