Community West Bancshares (NASDAQ:CWBC) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,562 shares of the financial services provider's stock after selling 21,428 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.13% of Community West Bancshares worth $476,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Potentia Wealth acquired a new position in Community West Bancshares during the fourth quarter worth approximately $254,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Community West Bancshares during the 4th quarter worth $725,000. Victory Capital Management Inc. raised its position in shares of Community West Bancshares by 24.1% in the 4th quarter. Victory Capital Management Inc. now owns 54,600 shares of the financial services provider's stock worth $1,058,000 after buying an additional 10,600 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Community West Bancshares by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 48,419 shares of the financial services provider's stock worth $938,000 after buying an additional 1,623 shares during the period. Finally, US Bancorp DE acquired a new position in Community West Bancshares in the fourth quarter valued at $56,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com upgraded Community West Bancshares from a "sell" rating to a "hold" rating in a report on Monday, January 27th. DA Davidson cut their target price on shares of Community West Bancshares from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Community West Bancshares from $24.00 to $22.00 and set a "market perform" rating for the company in a research report on Friday, January 24th.

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Insider Buying and Selling at Community West Bancshares

In related news, President Martin E. Plourd sold 7,732 shares of Community West Bancshares 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 completion of the transaction, the president now directly owns 82,737 shares in the company, valued at approximately $1,593,514.62. This trade represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James J. Kim bought 1,600 shares of Community West Bancshares stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $17.36 per share, for a total transaction of $27,776.00. Following the acquisition, the chief executive officer now owns 60,178 shares in the company, valued at $1,044,690.08. The trade was a 2.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,805 shares of company stock valued at $104,788 in the last three months. Corporate insiders own 11.15% of the company's stock.

Community West Bancshares Stock Up 1.7 %

Shares of CWBC traded up $0.27 during mid-day trading on Tuesday, reaching $15.99. 29,467 shares of the stock traded hands, compared to its average volume of 52,364. The stock has a fifty day simple moving average of $18.21 and a 200 day simple moving average of $19.13. Community West Bancshares has a 12-month low of $15.57 and a 12-month high of $22.89. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $304.79 million, a price-to-earnings ratio of 30.75 and a beta of 0.78.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. Sell-side analysts expect that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 annualized dividend and a yield of 3.00%. Community West Bancshares's dividend payout ratio is presently 92.31%.

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.