Quantbot Technologies LP Purchases New Holdings in Community West Bancshares $CWBC

Quantbot Technologies LP acquired a new stake in shares of Community West Bancshares (NASDAQ:CWBC) in the second quarter, HoldingsChannel reports. The fund acquired 20,869 shares of the financial services provider’s stock, valued at approximately $561,000.

Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. grew its position in shares of Community West Bancshares by 159.1% during the first quarter. Sei Investments Co. now owns 70,984 shares of the financial services provider’s stock worth $1,654,000 after buying an additional 43,590 shares in the last quarter. NWM Advisors LLC bought a new position in Community West Bancshares during the 4th quarter valued at $730,000. Systematic Financial Management LP boosted its stake in Community West Bancshares by 34.1% during the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock valued at $9,267,000 after acquiring an additional 104,779 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Community West Bancshares by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock worth $19,582,000 after acquiring an additional 38,044 shares in the last quarter. Finally, Platform Wealth Management LLC acquired a new position in Community West Bancshares during the 4th quarter worth $558,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Community West Bancshares Stock Down 0.0%

Shares of NASDAQ:CWBC opened at $26.00 on Friday. The stock has a market capitalization of $705.41 million, a price-to-earnings ratio of 14.05 and a beta of 0.80. Community West Bancshares has a 1-year low of $19.78 and a 1-year high of $28.17. The company’s fifty day moving average is $26.23 and its two-hundred day moving average is $24.65. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $55.65 million. Equities analysts anticipate that Community West Bancshares will post 2.38 EPS for the current year.

Community West Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. Community West Bancshares’s dividend payout ratio (DPR) is currently 25.95%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CWBC. Weiss Ratings reissued a “buy (b)” rating on shares of Community West Bancshares in a research report on Friday, July 10th. Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.17.

Insider Transactions at Community West Bancshares

In related news, Director Jagroop Gill bought 4,770 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $24.88 per share, for a total transaction of $118,677.60. Following the completion of the purchase, the director directly owned 588,067 shares in the company, valued at approximately $14,631,106.96. The trade was a 0.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 5,339 shares of company stock valued at $132,169 over the last quarter. Company insiders own 9.03% of the company’s stock.

Community West Bancshares 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.