NWM Advisors LLC Buys New Holdings in Community West Bancshares $CWBC

NWM Advisors LLC bought a new stake in Community West Bancshares (NASDAQ:CWBC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,430 shares of the financial services provider’s stock, valued at approximately $730,000. Community West Bancshares makes up approximately 0.6% of NWM Advisors LLC’s holdings, making the stock its 20th largest holding. NWM Advisors LLC owned approximately 0.17% of Community West Bancshares at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CWBC. First Trust Advisors LP increased its position in Community West Bancshares by 418.3% in the 3rd quarter. First Trust Advisors LP now owns 63,054 shares of the financial services provider’s stock valued at $1,314,000 after buying an additional 50,889 shares in the last quarter. Marshall Wace LLP increased its position in Community West Bancshares by 192.6% in the 2nd quarter. Marshall Wace LLP now owns 55,451 shares of the financial services provider’s stock valued at $1,082,000 after buying an additional 36,499 shares in the last quarter. Jane Street Group LLC bought a new stake in Community West Bancshares in the 1st quarter valued at about $591,000. Hsbc Holdings PLC bought a new stake in Community West Bancshares in the 2nd quarter valued at about $485,000. Finally, Bank of America Corp DE increased its position in Community West Bancshares by 195.4% in the 2nd quarter. Bank of America Corp DE now owns 32,651 shares of the financial services provider’s stock valued at $637,000 after buying an additional 21,599 shares in the last quarter. 33.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on CWBC shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Community West Bancshares in a research report on Friday, March 27th. Zacks Research lowered Community West Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Piper Sandler boosted their price objective on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. DA Davidson reissued a “buy” rating and set a $29.00 price objective on shares of Community West Bancshares in a report on Tuesday, April 28th. Finally, Wall Street Zen lowered Community West Bancshares from a “hold” rating to a “sell” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.17.

Community West Bancshares Stock Performance

Shares of CWBC opened at $23.99 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $23.38 and a two-hundred day moving average price of $23.05. The firm has a market capitalization of $459.86 million, a P/E ratio of 11.11 and a beta of 0.82. Community West Bancshares has a 52 week low of $17.50 and a 52 week high of $25.72.

Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. Community West Bancshares had a return on equity of 10.60% and a net margin of 20.77%.The firm had revenue of $38.58 million for the quarter, compared to the consensus estimate of $38.23 million. Equities analysts forecast that Community West Bancshares will post 2.59 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 8th. Community West Bancshares’s payout ratio is presently 22.22%.

About Community West Bancshares

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.