Bank of New York Mellon Corp Has $842,000 Holdings in Community West Bancshares (NASDAQ:CWBC)

Bank of New York Mellon Corp trimmed its stake in Community West Bancshares (NASDAQ:CWBC - Free Report) by 54.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,451 shares of the financial services provider's stock after selling 52,028 shares during the quarter. Bank of New York Mellon Corp owned 0.23% of Community West Bancshares worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Fourthstone LLC increased its position in Community West Bancshares by 8.7% during the third quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider's stock worth $35,993,000 after acquiring an additional 149,506 shares during the period. Geode Capital Management LLC increased its holdings in Community West Bancshares by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider's stock valued at $7,499,000 after purchasing an additional 24,294 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Community West Bancshares by 11.9% during the third quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider's stock worth $5,640,000 after purchasing an additional 31,075 shares during the last quarter. State Street Corp increased its stake in shares of Community West Bancshares by 12.9% in the third quarter. State Street Corp now owns 251,944 shares of the financial services provider's stock valued at $4,852,000 after buying an additional 28,695 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Community West Bancshares in the third quarter valued at $847,000. Institutional investors and hedge funds own 33.80% of the company's stock.

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Insiders Place Their Bets

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

Community West Bancshares Stock Performance

Shares of NASDAQ:CWBC traded down $0.23 during trading on Friday, reaching $18.47. 9,832 shares of the stock were exchanged, compared to its average volume of 55,511. Community West Bancshares has a 12 month low of $15.20 and a 12 month high of $24.47. The stock has a 50-day moving average price of $18.81 and a 200-day moving average price of $19.42. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $351.78 million, a PE ratio of 35.54 and a beta of 0.91.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 EPS 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%. Research 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, February 7th. Community West Bancshares's dividend payout ratio is currently 92.31%.

Analysts Set New Price Targets

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

Community West Bancshares 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.