Systematic Financial Management LP Purchases 104,779 Shares of Community West Bancshares $CWBC

Systematic Financial Management LP grew its position in Community West Bancshares (NASDAQ:CWBC) by 34.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411,859 shares of the financial services provider’s stock after acquiring an additional 104,779 shares during the period. Systematic Financial Management LP owned 2.15% of Community West Bancshares worth $9,267,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Community West Bancshares by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 786,040 shares of the financial services provider’s stock valued at $16,381,000 after acquiring an additional 17,244 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Community West Bancshares by 418.3% in the third quarter. First Trust Advisors LP now owns 63,054 shares of the financial services provider’s stock valued at $1,314,000 after acquiring an additional 50,889 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Community West Bancshares by 192.6% in the second quarter. Marshall Wace LLP now owns 55,451 shares of the financial services provider’s stock valued at $1,082,000 after acquiring an additional 36,499 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Community West Bancshares by 75.0% in the third quarter. Two Sigma Investments LP now owns 42,356 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 18,151 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Community West Bancshares by 195.4% in the second quarter. Bank of America Corp DE now owns 32,651 shares of the financial services provider’s stock valued at $637,000 after acquiring an additional 21,599 shares during the last quarter. Institutional investors own 33.80% of the company’s stock.

Community West Bancshares Stock Performance

Shares of Community West Bancshares stock opened at $23.81 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $645.97 million, a P/E ratio of 11.02 and a beta of 0.82. The firm has a 50 day simple moving average of $23.46 and a 200 day simple moving average of $23.24. Community West Bancshares has a fifty-two week low of $17.50 and a fifty-two week high of $25.72.

Community West Bancshares (NASDAQ:CWBC) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. Community West Bancshares had a net margin of 20.77% and a return on equity of 10.44%. The firm had revenue of $38.58 million during the quarter, compared to analyst estimates of $38.23 million. Sell-side analysts predict that Community West Bancshares will post 2.59 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, May 8th. Community West Bancshares’s payout ratio is currently 22.22%.

Wall Street Analysts Forecast Growth

CWBC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a research note on Friday, March 27th. 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. Zacks Research lowered shares of Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Piper Sandler raised their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.

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.