Community West Bancshares $CWBC Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of Community West Bancshares (NASDAQ:CWBC) by 14.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,708 shares of the financial services provider’s stock after selling 23,300 shares during the period. Renaissance Technologies LLC owned approximately 0.75% of Community West Bancshares worth $3,348,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Community West Bancshares by 90.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 70,814 shares of the financial services provider’s stock valued at $1,650,000 after purchasing an additional 33,665 shares during the period. Sei Investments Co. increased its stake in Community West Bancshares by 159.1% during the 1st quarter. Sei Investments Co. now owns 70,984 shares of the financial services provider’s stock worth $1,654,000 after buying an additional 43,590 shares during the period. First Trust Advisors LP increased its stake in Community West Bancshares by 31.6% during the 1st quarter. First Trust Advisors LP now owns 80,886 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 19,442 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Community West Bancshares by 56.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,188 shares of the financial services provider’s stock worth $98,000 after buying an additional 1,508 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Community West Bancshares by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 840,454 shares of the financial services provider’s stock worth $19,582,000 after buying an additional 38,044 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Community West Bancshares Stock Down 0.7%

Shares of NASDAQ:CWBC opened at $25.20 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $25.95 and a 200 day simple moving average of $24.47. The firm has a market cap of $683.68 million, a PE ratio of 13.62 and a beta of 0.80. Community West Bancshares has a 12-month low of $18.61 and a 12-month high of $28.17.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.15. Community West Bancshares had a net margin of 16.86% and a return on equity of 11.35%. The firm had revenue of $48.40 million for the quarter, compared to analysts’ expectations of $55.65 million. On average, equities research analysts anticipate that Community West Bancshares will post 2.38 EPS for the current fiscal year.

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. Community West Bancshares’s payout ratio is presently 25.95%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CWBC. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Piper Sandler lifted their target price on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Finally, DA Davidson reissued a “buy” rating and issued a $29.00 price target on shares of Community West Bancshares in a report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.17.

Community West Bancshares Company Profile

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.