Goldman Sachs Group Inc. Lowers Position in Community West Bancshares $CWBC

Goldman Sachs Group Inc. cut its holdings in Community West Bancshares (NASDAQ:CWBC) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,590 shares of the financial services provider’s stock after selling 2,690 shares during the period. Goldman Sachs Group Inc. owned about 0.25% of Community West Bancshares worth $879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CWBC. PNC Financial Services Group Inc. increased its holdings in shares of Community West Bancshares by 28.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,565 shares of the financial services provider’s stock worth $47,000 after buying an additional 565 shares during the period. BNP Paribas Financial Markets lifted its position 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 acquiring an additional 1,041 shares in the last quarter. Allworth Financial LP raised its stake in Community West Bancshares by 267.3% during the 1st quarter. Allworth Financial LP now owns 7,015 shares of the financial services provider’s stock valued at $122,000 after buying an additional 5,105 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Community West Bancshares during the 1st quarter valued at $210,000. Finally, Forum Financial Management LP purchased a new stake in shares of Community West Bancshares in the 4th quarter worth $245,000. 33.80% of the stock is owned by institutional investors.

Community West Bancshares Stock Performance

Shares of CWBC opened at $21.42 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a market cap of $409.76 million, a P/E ratio of 15.41 and a beta of 0.90. The company has a 50-day moving average of $20.48 and a two-hundred day moving average of $18.95. Community West Bancshares has a 12-month low of $15.57 and a 12-month high of $22.89.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.08). Community West Bancshares had a return on equity of 7.91% and a net margin of 13.88%.The company had revenue of $35.67 million for the quarter, compared to analyst estimates of $35.90 million. As a group, research analysts predict that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, August 1st. Community West Bancshares’s dividend payout ratio is 34.53%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CWBC shares. Keefe, Bruyette & Woods upped their target price on shares of Community West Bancshares from $19.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, July 18th. Zacks Research raised shares of Community West Bancshares from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Finally, DA Davidson increased their price objective on shares of Community West Bancshares from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Community West Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

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 deposits; and cash management products.