Community West Bancshares (NASDAQ:CWBC) Sees Large Decrease in Short Interest

Community West Bancshares (NASDAQ:CWBCGet Rating) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,800 shares, a decrease of 71.4% from the March 15th total of 9,800 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 0.2 days.

Separately, Janney Montgomery Scott began coverage on Community West Bancshares in a research note on Thursday, January 6th. They issued a “neutral” rating for the company.

CWBC stock opened at $13.61 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.15. The business’s 50-day moving average price is $13.98. Community West Bancshares has a 12 month low of $11.52 and a 12 month high of $16.55. The stock has a market cap of $118.01 million, a PE ratio of 9.07 and a beta of 1.00.

Community West Bancshares (NASDAQ:CWBCGet Rating) last released its quarterly earnings results on Friday, January 28th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.06). The firm had revenue of $11.66 million during the quarter, compared to analysts’ expectations of $11.80 million. Community West Bancshares had a return on equity of 13.53% and a net margin of 26.29%. On average, equities research analysts predict that Community West Bancshares will post 1.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 28th. Stockholders of record on Friday, February 11th were given a $0.07 dividend. The ex-dividend date was Thursday, February 10th. This represents a $0.28 annualized dividend and a dividend yield of 2.06%. Community West Bancshares’s dividend payout ratio (DPR) is presently 18.67%.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Community West Bancshares by 2.7% during the 4th quarter. BlackRock Inc. now owns 31,318 shares of the financial services provider’s stock worth $420,000 after buying an additional 823 shares in the last quarter. Cutler Capital Management LLC increased its holdings in shares of Community West Bancshares by 1.9% in the 4th quarter. Cutler Capital Management LLC now owns 318,838 shares of the financial services provider’s stock valued at $4,276,000 after acquiring an additional 5,800 shares during the period. Geode Capital Management LLC purchased a new position in shares of Community West Bancshares in the 3rd quarter valued at approximately $146,000. Sonen Capital LLC acquired a new stake in shares of Community West Bancshares in the 4th quarter worth $644,000. Finally, PL Capital Advisors LLC lifted its position in Community West Bancshares by 11.9% in the fourth quarter. PL Capital Advisors LLC now owns 530,916 shares of the financial services provider’s stock valued at $7,120,000 after purchasing an additional 56,456 shares during the period. 26.40% of the stock is owned by hedge funds and other institutional investors.

About Community West Bancshares (Get Rating)

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; and cash management products.

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