Alliancebernstein L.P. Acquires New Shares in Community West Bancshares (NASDAQ:CWBC)

Alliancebernstein L.P. bought a new stake in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,480 shares of the financial services provider's stock, valued at approximately $435,000. Alliancebernstein L.P. owned approximately 0.12% of Community West Bancshares at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Potentia Wealth bought a new position in shares of Community West Bancshares in the fourth quarter valued at approximately $254,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Community West Bancshares in the fourth quarter worth approximately $725,000. Victory Capital Management Inc. lifted its position in Community West Bancshares by 24.1% in the fourth quarter. Victory Capital Management Inc. now owns 54,600 shares of the financial services provider's stock worth $1,058,000 after purchasing an additional 10,600 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Community West Bancshares by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 48,419 shares of the financial services provider's stock valued at $938,000 after purchasing an additional 1,623 shares in the last quarter. Finally, US Bancorp DE acquired a new position in shares of Community West Bancshares during the 4th quarter valued at $56,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CWBC. DA Davidson cut their price objective on Community West Bancshares from $26.00 to $24.00 and set a "buy" rating for the company in a report on Monday, January 27th. Piper Sandler cut their price target on shares of Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Tuesday. Keefe, Bruyette & Woods reduced their price objective on shares of Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating for the company in a research report on Tuesday. Finally, StockNews.com upgraded shares of Community West Bancshares from a "sell" rating to a "hold" rating in a report on Monday, January 27th.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC traded up $0.30 during mid-day trading on Wednesday, reaching $16.85. The company had a trading volume of 109,440 shares, compared to its average volume of 52,193. The company has a 50-day moving average price of $17.84 and a two-hundred day moving average price of $19.03. The stock has a market cap of $321.18 million, a PE ratio of 32.40 and a beta of 0.78. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a 1-year low of $15.57 and a 1-year high of $22.89.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. The company had revenue of $34.79 million during the quarter, compared to analysts' expectations of $35.05 million. On average, equities analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.85%. Community West Bancshares's dividend payout ratio is currently 92.31%.

Insider Activity at Community West Bancshares

In other Community West Bancshares news, CEO James J. Kim purchased 1,600 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $17.36 per share, with a total value of $27,776.00. Following the completion of the transaction, the chief executive officer now owns 60,178 shares of the company's stock, valued at approximately $1,044,690.08. This represents a 2.73 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Martin E. Plourd sold 7,732 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $19.26, for a total value of $148,918.32. Following the sale, the president now owns 82,737 shares of the company's stock, valued at $1,593,514.62. The trade was a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 5,805 shares of company stock worth $104,788. 10.57% of the stock is owned by corporate insiders.

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.