State Street Corp Has $4.85 Million Position in Community West Bancshares (NASDAQ:CWBC)

State Street Corp boosted its stake in Community West Bancshares (NASDAQ:CWBC - Free Report) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 251,944 shares of the financial services provider's stock after buying an additional 28,695 shares during the quarter. State Street Corp owned approximately 1.33% of Community West Bancshares worth $4,852,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Systematic Financial Management LP raised its stake in shares of Community West Bancshares by 11.9% during the 3rd 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 in the last quarter. Fourthstone LLC increased its holdings in Community West Bancshares by 8.7% in the third quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider's stock worth $35,993,000 after buying an additional 149,506 shares during the last quarter. Empowered Funds LLC raised its position in Community West Bancshares by 5.4% during the third quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider's stock valued at $1,473,000 after acquiring an additional 3,886 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Community West Bancshares in the third quarter valued at approximately $847,000. Finally, SG Americas Securities LLC bought a new stake in Community West Bancshares in the third quarter worth approximately $132,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price target on shares of Community West Bancshares from $21.00 to $24.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

Insider Transactions at Community West Bancshares

In related news, Director Steven D. Mcdonald sold 1,860 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $21.51, for a total transaction of $40,008.60. Following the transaction, the director now owns 315,531 shares of the company's stock, valued at approximately $6,787,071.81. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Bartlein bought 2,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the transaction, the director now owns 433,876 shares of the company's stock, valued at $8,135,175. This represents a 0.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 2,432 shares of company stock worth $45,616. 11.15% of the stock is owned by insiders.

Community West Bancshares Stock Performance

Shares of CWBC stock traded down $0.03 during trading on Monday, reaching $19.37. The company had a trading volume of 21,478 shares, compared to its average volume of 50,462. The firm's 50 day simple moving average is $20.38 and its two-hundred day simple moving average is $19.60. Community West Bancshares has a one year low of $15.50 and a one year high of $24.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $366.98 million, a PE ratio of 29.35 and a beta of 0.90.

Community West Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, November 8th. Community West Bancshares's payout ratio is 72.73%.

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.