Potentia Wealth Makes New Investment in Community West Bancshares (NASDAQ:CWBC)

Potentia Wealth purchased a new position in shares of Community West Bancshares (NASDAQ:CWBC) during the fourth quarter, HoldingsChannel reports. The firm purchased 13,092 shares of the financial services provider’s stock, valued at approximately $254,000.

Other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in shares of Community West Bancshares during the 3rd quarter worth approximately $847,000. Barclays PLC grew its holdings in Community West Bancshares by 228.5% during the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 15,343 shares during the period. State Street Corp raised its position in Community West Bancshares by 12.9% in the third quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after acquiring an additional 28,695 shares in the last quarter. Systematic Financial Management LP raised its position in Community West Bancshares by 11.9% in the third quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider’s stock worth $5,640,000 after acquiring an additional 31,075 shares in the last quarter. Finally, PL Capital Advisors LLC lifted its holdings in 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 valued at $159,665,000 after acquiring an additional 7,817,372 shares during the period. 33.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CWBC shares. StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price target on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday, January 24th. Finally, DA Davidson decreased 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.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $18.64 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $355.11 million, a P/E ratio of 35.85 and a beta of 0.91. The firm has a 50-day moving average price of $18.80 and a two-hundred day moving average price of $19.44. Community West Bancshares has a twelve month low of $14.99 and a twelve month high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. As a group, research analysts expect that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.58%. Community West Bancshares’s dividend payout ratio is currently 92.31%.

Insider Activity at Community West Bancshares

In other news, CEO James J. Kim bought 1,600 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the transaction, the chief executive officer now owns 60,178 shares in the company, valued at $1,044,690.08. The trade was a 2.73 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Martin E. Plourd sold 7,732 shares of the business’s 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 owns 82,737 shares of the company’s stock, valued at $1,593,514.62. This trade represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 5,748 shares of company stock valued at $103,747 over the last quarter. Insiders own 11.15% of the company’s stock.

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.