Bank of New York Mellon Corp Sells 52,028 Shares of Community West Bancshares (NASDAQ:CWBC)

Bank of New York Mellon Corp lessened its position in Community West Bancshares (NASDAQ:CWBC - Free Report) by 54.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in shares of Community West Bancshares in the 4th quarter worth about $27,000. Rhumbline Advisers boosted its stake in Community West Bancshares by 12.8% in the fourth quarter. Rhumbline Advisers now owns 21,387 shares of the financial services provider's stock worth $414,000 after buying an additional 2,430 shares in the last quarter. Barclays PLC boosted its stake in Community West Bancshares by 228.5% in the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider's stock worth $424,000 after buying an additional 15,343 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in Community West Bancshares by 7.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider's stock valued at $463,000 after acquiring an additional 1,598 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Community West Bancshares during the third quarter worth approximately $847,000. Hedge funds and other institutional investors own 33.80% of the company's stock.

Insider Activity at Community West Bancshares

In other news, President Martin E. Plourd sold 7,732 shares of Community West Bancshares stock in a transaction that occurred on 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 directly owns 82,737 shares in the company, valued at approximately $1,593,514.62. This trade represents a 8.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James J. Kim bought 1,600 shares of Community West Bancshares stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the purchase, the chief executive officer now directly owns 60,178 shares of the company's stock, valued at approximately $1,044,690.08. This trade represents 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 90 days. Company insiders own 11.15% of the company's stock.

Community West Bancshares Trading Down 1.6 %

Shares of NASDAQ:CWBC traded down $0.29 during trading on Friday, reaching $18.40. 35,979 shares of the company traded hands, compared to its average volume of 55,770. 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 52-week low of $15.50 and a 52-week high of $24.47. The firm has a market capitalization of $350.54 million, a price-to-earnings ratio of 35.39 and a beta of 0.91. The business's fifty day moving average is $18.80 and its 200-day moving average is $19.41.

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

Community West Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.61%. Community West Bancshares's payout ratio is presently 92.31%.

Analyst Upgrades and Downgrades

CWBC has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their price objective on shares of Community West Bancshares from $24.00 to $22.00 and set a "market perform" rating for the company in a research note on Friday, January 24th. DA Davidson lowered their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, January 27th. Finally, StockNews.com raised Community West Bancshares from a "sell" rating to a "hold" rating in a research note on Monday, January 27th.

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.