Geode Capital Management LLC Grows Stake in Community West Bancshares (NASDAQ:CWBC)

Geode Capital Management LLC grew its stake in shares of Community West Bancshares (NASDAQ:CWBC) by 6.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 389,248 shares of the financial services provider’s stock after acquiring an additional 24,294 shares during the period. Geode Capital Management LLC’s holdings in Community West Bancshares were worth $7,499,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in Community West Bancshares in the second quarter valued at approximately $1,770,000. Rhumbline Advisers bought a new stake in shares of Community West Bancshares in the second quarter valued at $405,000. Acadian Asset Management LLC bought a new stake in shares of Community West Bancshares in the second quarter valued at $106,000. LSV Asset Management purchased a new position in shares of Community West Bancshares during the 2nd quarter valued at $1,507,000. Finally, Private Management Group Inc. grew its stake in shares of Community West Bancshares by 5.3% during the 2nd quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider’s stock worth $10,313,000 after acquiring an additional 27,967 shares during the period. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Down 1.7 %

CWBC opened at $19.05 on Friday. The company has a 50 day moving average of $20.41 and a 200 day moving average of $19.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a 12 month low of $15.50 and a 12 month high of $24.47. The company has a market cap of $360.92 million, a PE ratio of 28.86 and a beta of 0.90.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, November 8th. Community West Bancshares’s dividend payout ratio (DPR) is presently 72.73%.

Insider Activity at Community West Bancshares

In other news, Director Robert Bartlein purchased 2,000 shares of the stock in a transaction dated Friday, November 1st. The shares were purchased at an average cost of $18.75 per share, with a total value of $37,500.00. Following the completion of the acquisition, the director now owns 433,876 shares in the company, valued at $8,135,175. This represents a 0.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven D. Mcdonald sold 9,155 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $21.51, for a total transaction of $196,924.05. Following the transaction, the director now directly owns 317,391 shares of the company’s stock, valued at approximately $6,827,080.41. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 2,432 shares of company stock worth $45,616. 11.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price objective on Community West Bancshares from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Community West Bancshares Company 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.