Community West Bancshares $CWBC Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of Community West Bancshares (NASDAQ:CWBC) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 840,454 shares of the financial services provider’s stock after acquiring an additional 38,044 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Community West Bancshares were worth $19,582,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. NWM Advisors LLC acquired a new position in Community West Bancshares in the 4th quarter worth about $730,000. Systematic Financial Management LP grew its holdings in 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 purchasing an additional 104,779 shares during the period. Platform Wealth Management LLC purchased a new stake in shares of Community West Bancshares in the fourth quarter valued at approximately $558,000. Principal Financial Group Inc. purchased a new stake in shares of Community West Bancshares in the first quarter valued at approximately $781,000. Finally, CWM LLC raised its stake in shares of Community West Bancshares by 17.6% during the 4th quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock worth $84,000 after buying an additional 560 shares during the period. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CWBC. Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. DA Davidson reissued a “buy” rating and issued a $29.00 price target on shares of Community West Bancshares in a report on Tuesday, April 28th. Weiss Ratings restated a “buy (b)” rating on shares of Community West Bancshares in a research report on Friday, July 10th. Finally, Piper Sandler increased their price objective on shares of Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $28.17.

Community West Bancshares Price Performance

Shares of Community West Bancshares stock opened at $25.39 on Friday. The stock has a market capitalization of $688.93 million, a P/E ratio of 13.72 and a beta of 0.80. The business has a 50 day simple moving average of $25.92 and a two-hundred day simple moving average of $24.46. Community West Bancshares has a 12 month low of $18.50 and a 12 month high of $28.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.30 by $0.15. Community West Bancshares had a return on equity of 11.35% and a net margin of 16.86%.The firm had revenue of $48.40 million during the quarter, compared to analysts’ expectations of $55.65 million. As a group, analysts predict that Community West Bancshares will post 2.38 EPS for the current fiscal year.

Community West Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 7th. Community West Bancshares’s dividend payout ratio is 25.95%.

Community West Bancshares Company 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.