Squarepoint Ops LLC Takes $4.04 Million Position in Community West Bancshares $CWBC

Squarepoint Ops LLC bought a new position in shares of Community West Bancshares (NASDAQ:CWBC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 150,357 shares of the financial services provider’s stock, valued at approximately $4,039,000.

A number of other institutional investors have also modified their holdings of CWBC. BlackRock Inc. purchased a new stake in Community West Bancshares in the 2nd quarter valued at $64,110,000. Wellington Management Group LLP increased its stake in Community West Bancshares by 275.2% in the second quarter. Wellington Management Group LLP now owns 1,136,107 shares of the financial services provider’s stock valued at $30,516,000 after purchasing an additional 833,312 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Community West Bancshares in the second quarter valued at $9,091,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Community West Bancshares in the second quarter valued at about $2,896,000. Finally, Systematic Financial Management LP raised its holdings in shares of Community West Bancshares by 34.1% in the fourth quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock valued at $9,267,000 after buying an additional 104,779 shares during the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Community West Bancshares

In related news, Director Jagroop Gill purchased 4,770 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $24.88 per share, for a total transaction of $118,677.60. Following the acquisition, the director directly owned 588,067 shares of the company’s stock, valued at $14,631,106.96. This trade represents a 0.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have acquired 5,374 shares of company stock worth $133,078. Corporate insiders own 9.03% of the company’s stock.

Community West Bancshares Trading Down 0.4%

NASDAQ CWBC opened at $26.19 on Friday. The stock has a market capitalization of $710.53 million, a P/E ratio of 14.16 and a beta of 0.81. Community West Bancshares has a 52-week low of $19.78 and a 52-week high of $28.17. The firm has a 50-day moving average price of $26.16 and a 200 day moving average price of $24.78. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.12.

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

Community West Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. Community West Bancshares’s dividend payout ratio is 25.95%.

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.