Community West Bancshares (NASDAQ:CWBC) Short Interest Update

Community West Bancshares (NASDAQ:CWBC) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 2,100 shares, a decline of 38.2% from the December 15th total of 3,400 shares. Based on an average daily volume of 4,500 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Separately, ValuEngine upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

An institutional investor recently raised its position in Community West Bancshares stock. First Manhattan Co. grew its position in shares of Community West Bancshares (NASDAQ:CWBC) by 38.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,888 shares of the financial services provider’s stock after purchasing an additional 9,400 shares during the period. First Manhattan Co. owned approximately 0.40% of Community West Bancshares worth $327,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.08% of the company’s stock.

CWBC opened at $11.07 on Friday. The company has a fifty day moving average price of $11.06 and a 200-day moving average price of $10.17. The firm has a market capitalization of $93.74 million, a P/E ratio of 14.03 and a beta of 0.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 1.04. Community West Bancshares has a one year low of $9.54 and a one year high of $11.86.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $0.25 EPS for the quarter. The firm had revenue of $9.45 million during the quarter. Community West Bancshares had a net margin of 13.83% and a return on equity of 8.52%.

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 deposit, as well as cash management products.

Read More: Dividend Reinvestment Plan (DRIP)

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