Systematic Financial Management LP Takes Position in Community West Bancshares (NASDAQ:CWBC)

Systematic Financial Management LP bought a new stake in Community West Bancshares (NASDAQ:CWBC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 261,735 shares of the financial services provider’s stock, valued at approximately $4,842,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CWBC. Black Maple Capital Management LP raised its position in shares of Community West Bancshares by 8.8% in the 4th quarter. Black Maple Capital Management LP now owns 17,475 shares of the financial services provider’s stock valued at $304,000 after buying an additional 1,417 shares in the last quarter. Private Management Group Inc. bought a new stake in shares of Community West Bancshares during the 1st quarter valued at approximately $10,532,000. Private Wealth Advisors LLC bought a new stake in shares of Community West Bancshares during the 2nd quarter valued at approximately $267,000. Bank of New York Mellon Corp bought a new stake in shares of Community West Bancshares during the 2nd quarter valued at approximately $1,770,000. Finally, Bfsg LLC bought a new stake in Community West Bancshares during the 2nd quarter worth approximately $82,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CWBC shares. Piper Sandler boosted their target price on shares of Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. StockNews.com lowered shares of Community West Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.33.

Community West Bancshares Stock Up 0.1 %

Community West Bancshares stock opened at $19.27 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.20. Community West Bancshares has a 12-month low of $13.55 and a 12-month high of $24.47. The firm’s fifty day moving average is $19.81 and its 200 day moving average is $18.28. The company has a market capitalization of $363.62 million, a PE ratio of 10.20 and a beta of 0.87.

Community West Bancshares (NASDAQ:CWBC) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.42. Community West Bancshares had a net margin of 7.51% and a return on equity of 9.99%. The company had revenue of $30.46 million for the quarter, compared to the consensus estimate of $37.14 million. As a group, sell-side analysts predict that Community West Bancshares will post 1.42 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.48 annualized dividend and a yield of 2.49%. Community West Bancshares’s payout ratio is 25.40%.

Insiders Place Their Bets

In other Community West Bancshares news, EVP Patrick A. Luis sold 1,650 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.37, for a total transaction of $31,960.50. Following the transaction, the executive vice president now owns 27,586 shares in the company, valued at $534,340.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.15% of the company’s stock.

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.