Connor Clark & Lunn Investment Management Ltd. Invests $725,000 in Community West Bancshares (NASDAQ:CWBC)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 37,413 shares of the financial services provider's stock, valued at approximately $725,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.20% of Community West Bancshares at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of Community West Bancshares by 24.1% during the fourth quarter. Victory Capital Management Inc. now owns 54,600 shares of the financial services provider's stock valued at $1,058,000 after acquiring an additional 10,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position 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 worth $938,000 after purchasing an additional 1,623 shares during the last quarter. US Bancorp DE acquired a new position in Community West Bancshares during the 4th quarter valued at approximately $56,000. PL Capital Advisors LLC raised its holdings in shares of Community West Bancshares by 1,837.0% in the fourth quarter. PL Capital Advisors LLC now owns 8,242,923 shares of the financial services provider's stock worth $159,665,000 after buying an additional 7,817,372 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Community West Bancshares by 12.8% during 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 during the period. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Community West Bancshares Stock Performance

Shares of CWBC stock traded down $0.01 on Wednesday, hitting $18.53. The company had a trading volume of 48,803 shares, compared to its average volume of 53,588. Community West Bancshares has a twelve month low of $14.99 and a twelve month high of $24.47. 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 $353.02 million, a P/E ratio of 35.64 and a beta of 0.91. The company has a 50-day moving average price of $18.81 and a 200-day moving average price of $19.43.

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 (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%. As a group, equities research analysts predict that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given 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 2.59%. Community West Bancshares's dividend payout ratio is presently 92.31%.

Insider Buying and Selling at Community West Bancshares

In related news, CEO James J. Kim purchased 1,600 shares of the firm'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 purchase, the chief executive officer now owns 60,178 shares of the company's stock, valued at $1,044,690.08. This represents a 2.73 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Martin E. Plourd sold 7,732 shares of the stock in a transaction 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 directly owns 82,737 shares of the company's stock, valued at approximately $1,593,514.62. This represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 5,805 shares of company stock valued at $104,788. Corporate insiders own 11.15% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson dropped their price target on 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. Keefe, Bruyette & Woods dropped their target price on Community West Bancshares from $24.00 to $22.00 and set a "market perform" rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Community West Bancshares from a "sell" rating to a "hold" rating in a research report 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.