Community West Bancshares (NASDAQ:CWBC) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Community West Bancshares (NASDAQ:CWBC) by 2.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,000 shares of the financial services provider’s stock after acquiring an additional 1,400 shares during the quarter. Victory Capital Management Inc. owned approximately 0.29% of Community West Bancshares worth $1,035,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CWBC. Tower Research Capital LLC TRC grew its position in shares of Community West Bancshares by 33.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 529 shares during the period. BNP Paribas Financial Markets lifted its stake in Community West Bancshares by 29.2% in the 4th quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider’s stock valued at $89,000 after buying an additional 1,041 shares in the last quarter. Allworth Financial LP boosted its holdings in Community West Bancshares by 267.3% in the 1st quarter. Allworth Financial LP now owns 7,015 shares of the financial services provider’s stock worth $122,000 after buying an additional 5,105 shares during the last quarter. Forum Financial Management LP purchased a new stake in Community West Bancshares during the 4th quarter worth approximately $245,000. Finally, Wells Fargo & Company MN increased its stake in Community West Bancshares by 15.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,175 shares of the financial services provider’s stock worth $313,000 after buying an additional 2,164 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Community West Bancshares Trading Down 1.5%

Shares of CWBC stock opened at $19.25 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $22.89. The company’s 50-day moving average price is $19.34 and its 200-day moving average price is $18.56. The stock has a market cap of $366.91 million, a price-to-earnings ratio of 13.85 and a beta of 0.77.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.08). The firm had revenue of $35.67 million for the quarter, compared to analysts’ expectations of $35.90 million. Community West Bancshares had a return on equity of 7.99% and a net margin of 13.88%. As a group, equities analysts predict that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, August 1st. Community West Bancshares’s dividend payout ratio is presently 34.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson raised their target price on Community West Bancshares from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods upped their price objective on shares of Community West Bancshares from $19.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. Finally, Piper Sandler lowered their target price on Community West Bancshares from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd.

About Community West Bancshares

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.