Quantbot Technologies LP Purchases Shares of 20,869 Community West Bancshares $CWBC

Quantbot Technologies LP purchased a new position in shares of Community West Bancshares (NASDAQ:CWBC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,869 shares of the financial services provider’s stock, valued at approximately $561,000. Quantbot Technologies LP owned about 0.08% of Community West Bancshares at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CWBC. BlackRock Inc. acquired a new position in shares of Community West Bancshares in the 2nd quarter valued at about $64,110,000. Dimensional Fund Advisors LP raised its holdings in Community West Bancshares by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock valued at $19,582,000 after buying an additional 38,044 shares during the period. Systematic Financial Management LP raised 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 buying an additional 104,779 shares during the period. State Street Corp lifted its position in Community West Bancshares by 5.1% during the fourth quarter. State Street Corp now owns 334,322 shares of the financial services provider’s stock valued at $7,522,000 after buying an additional 16,340 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Community West Bancshares by 85.5% during the fourth quarter. Renaissance Technologies LLC now owns 167,008 shares of the financial services provider’s stock valued at $3,758,000 after buying an additional 77,000 shares in the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Community West Bancshares Stock Performance

Community West Bancshares stock opened at $26.00 on Friday. The stock’s 50 day moving average price is $26.23 and its 200 day moving average price is $24.65. The firm has a market capitalization of $705.41 million, a PE ratio of 14.05 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 0.89. Community West Bancshares has a one year low of $19.78 and a one year high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.15. The company had revenue of $54.30 million during the quarter, compared to the consensus estimate of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. As a group, sell-side analysts expect that Community West Bancshares will post 2.38 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 7th. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.95%.

Wall Street Analyst Weigh In

CWBC has been the subject of several recent research reports. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community West Bancshares in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

Insiders Place Their Bets

In other news, Director Jagroop Gill purchased 4,770 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $24.88 per share, with a total value of $118,677.60. Following the purchase, the director directly owned 588,067 shares of the company’s stock, valued at approximately $14,631,106.96. This represents a 0.82% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 5,339 shares of company stock worth $132,169. 9.03% of the stock is currently owned by company insiders.

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.