Victory Capital Management Inc. Invests $847,000 in Community West Bancshares (NASDAQ:CWBC)

Victory Capital Management Inc. acquired a new position in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,000 shares of the financial services provider's stock, valued at approximately $847,000. Victory Capital Management Inc. owned about 0.23% of Community West Bancshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Community West Bancshares by 284.8% during the second quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider's stock worth $11,864,000 after acquiring an additional 474,671 shares during the period. Private Management Group Inc. raised its stake in shares of Community West Bancshares by 5.3% in the 2nd quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider's stock valued at $10,313,000 after purchasing an additional 27,967 shares during the period. 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 valued at $6,770,000 after purchasing an additional 243,165 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of Community West Bancshares during the second quarter worth about $4,842,000. Finally, American Century Companies Inc. grew its holdings in shares of Community West Bancshares by 24.6% during the second quarter. American Century Companies Inc. now owns 120,070 shares of the financial services provider's stock worth $2,221,000 after buying an additional 23,738 shares in the last quarter. Institutional investors own 33.80% of the company's stock.

Community West Bancshares Stock Down 0.4 %

NASDAQ CWBC traded down $0.08 during trading on Thursday, hitting $21.96. The stock had a trading volume of 27,548 shares, compared to its average volume of 50,555. Community West Bancshares has a 12 month low of $15.50 and a 12 month high of $24.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The company's 50-day moving average price is $19.46 and its two-hundred day moving average price is $18.97. The company has a market capitalization of $416.14 million, a PE ratio of 33.27 and a beta of 0.87.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.12 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.48 annualized dividend and a yield of 2.19%. Community West Bancshares's payout ratio is currently 72.73%.

Insiders Place Their Bets

In related news, Director Robert Bartlein bought 2,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director now owns 433,876 shares of the company's stock, valued at approximately $8,135,175. The trade was a 0.46 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 2,610 shares of company stock valued at $47,383 in the last three months. 11.15% of the stock is currently owned by corporate insiders.

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.