Siena Capital Partners GP LLC Sells 54,760 Shares of Community West Bancshares (NASDAQ:CWBC)

Siena Capital Partners GP LLC reduced its holdings in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 20.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,257 shares of the financial services provider's stock after selling 54,760 shares during the quarter. Siena Capital Partners GP LLC owned approximately 1.11% of Community West Bancshares worth $4,050,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Community West Bancshares by 284.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider's stock valued at $11,864,000 after buying an additional 474,671 shares in the last quarter. Systematic Financial Management LP bought a new position in Community West Bancshares during the second quarter worth about $4,842,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Community West Bancshares by 198.0% in the second quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider's stock worth $6,770,000 after acquiring an additional 243,165 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Community West Bancshares during the second quarter worth $1,770,000. Finally, LSV Asset Management bought a new position in Community West Bancshares in the 2nd quarter valued at approximately $1,507,000. Institutional investors own 33.80% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Community West Bancshares from a "hold" rating to a "sell" rating in a research report on Thursday, July 25th.

Community West Bancshares Trading Up 2.9 %

Shares of CWBC traded up $0.61 during mid-day trading on Friday, hitting $21.82. 54,243 shares of the company's stock traded hands, compared to its average volume of 50,376. 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 business's 50-day moving average price is $19.33 and its 200-day moving average price is $18.83. The firm has a market capitalization of $413.49 million, a P/E ratio of 32.14 and a beta of 0.87. Community West Bancshares has a 1 year low of $15.50 and a 1 year high of $24.47.

Community West Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.20%. Community West Bancshares's payout ratio is currently 72.73%.

Insider Activity

In other news, Director Robert Bartlein bought 2,000 shares of the company's stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $18.75 per share, with a total value of $37,500.00. Following the completion of the transaction, the director now owns 433,876 shares of the company's stock, valued at approximately $8,135,175. This trade represents a 0.46 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 2,550 shares of company stock worth $46,097 over the last three months. 11.15% of the stock is currently owned by corporate insiders.

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.