107,832 Shares in Community West Bancshares $CWBC Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Community West Bancshares (NASDAQ:CWBC) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 107,832 shares of the financial services provider’s stock, valued at approximately $2,896,000.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Community West Bancshares during the 2nd quarter worth approximately $64,110,000. Dimensional Fund Advisors LP grew its position in shares of Community West Bancshares by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock valued at $19,582,000 after purchasing an additional 38,044 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of Community West Bancshares by 34.1% in the fourth quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock valued at $9,267,000 after purchasing an additional 104,779 shares during the last quarter. State Street Corp increased its holdings in shares of Community West Bancshares by 5.1% in the fourth quarter. State Street Corp now owns 334,322 shares of the financial services provider’s stock valued at $7,522,000 after purchasing an additional 16,340 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Community West Bancshares by 85.5% during the fourth quarter. Renaissance Technologies LLC now owns 167,008 shares of the financial services provider’s stock worth $3,758,000 after buying an additional 77,000 shares in the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Community West Bancshares Stock Performance

Community West Bancshares stock opened at $25.82 on Friday. The firm has a 50 day simple moving average of $26.24 and a 200-day simple moving average of $24.65. Community West Bancshares has a 1-year low of $19.78 and a 1-year high of $28.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $700.50 million, a price-to-earnings ratio of 13.96 and a beta of 0.80.

Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. The business had revenue of $54.30 million during the quarter, compared to the consensus estimate of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 10.12%. On average, analysts expect that Community West Bancshares will post 2.38 EPS for the current year.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.9%. Community West Bancshares’s dividend payout ratio (DPR) is 25.95%.

Analysts Set New Price Targets

CWBC has been the topic of a number of recent research reports. Wall Street Zen raised Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.17.

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, Director Jagroop Gill bought 4,770 shares of Community West Bancshares stock in a transaction on Monday, August 10th. The shares were bought at an average price of $24.88 per share, for a total transaction of $118,677.60. Following the completion of the transaction, the director directly owned 588,067 shares of the company’s stock, valued at $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired a total of 5,339 shares of company stock worth $132,169 over the last ninety days. 9.03% of the stock is owned by company insiders.

About Community West Bancshares

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.