Dimensional Fund Advisors LP Buys 474,671 Shares of Community West Bancshares (NASDAQ:CWBC)

Dimensional Fund Advisors LP raised its position in Community West Bancshares (NASDAQ:CWBC - Free Report) by 284.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 641,347 shares of the financial services provider's stock after buying an additional 474,671 shares during the period. Dimensional Fund Advisors LP owned approximately 3.40% of Community West Bancshares worth $11,864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bfsg LLC bought a new position in Community West Bancshares in the second quarter worth about $82,000. Acadian Asset Management LLC acquired a new position in shares of Community West Bancshares during the second quarter valued at approximately $106,000. Private Wealth Advisors LLC acquired a new position in shares of Community West Bancshares during the second quarter valued at approximately $267,000. Black Maple Capital Management LP increased its stake in shares of Community West Bancshares by 8.8% during the fourth quarter. Black Maple Capital Management LP now owns 17,475 shares of the financial services provider's stock valued at $304,000 after acquiring an additional 1,417 shares during the period. Finally, Rhumbline Advisers bought a new stake in Community West Bancshares during the second quarter worth approximately $405,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CWBC. Piper Sandler raised their target price on shares of Community West Bancshares from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. StockNews.com lowered shares of Community West Bancshares from a "hold" rating to a "sell" rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.33.

Insider Transactions at Community West Bancshares

In other news, EVP Patrick A. Luis sold 1,650 shares of Community West Bancshares stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $19.37, for a total transaction of $31,960.50. Following the sale, the executive vice president now directly owns 27,586 shares in the company, valued at approximately $534,340.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.15% of the company's stock.

Community West Bancshares Stock Down 0.3 %

Shares of Community West Bancshares stock traded down $0.05 during midday trading on Monday, reaching $17.96. 20,744 shares of the company's stock traded hands, compared to its average volume of 50,526. The company has a market cap of $338.91 million, a price-to-earnings ratio of 9.50 and a beta of 0.86. The company's 50 day simple moving average is $19.60 and its 200 day simple moving average is $18.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 0.80. Community West Bancshares has a 52 week low of $14.09 and a 52 week high of $24.47.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.42. Community West Bancshares had a net margin of 7.51% and a return on equity of 9.99%. The firm had revenue of $30.46 million for the quarter, compared to the consensus estimate of $37.14 million. Equities analysts expect that Community West Bancshares will post 1.42 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.48 annualized dividend and a dividend yield of 2.67%. Community West Bancshares's payout ratio is 25.40%.

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.