Private Management Group Inc. Cuts Stock Position in Community West Bancshares (NASDAQ:CWBC)

Private Management Group Inc. cut its position in Community West Bancshares (NASDAQ:CWBC) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,422 shares of the financial services provider’s stock after selling 1,057 shares during the period. Private Management Group Inc. owned 2.95% of Community West Bancshares worth $10,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CWBC. Bfsg LLC acquired a new position in shares of Community West Bancshares in the 2nd quarter valued at $82,000. Acadian Asset Management LLC purchased a new position in shares of Community West Bancshares in the 2nd quarter valued at about $106,000. SG Americas Securities LLC acquired a new stake in shares of Community West Bancshares in the 3rd quarter valued at about $132,000. Bridgewealth Advisory Group LLC acquired a new stake in shares of Community West Bancshares in the 2nd quarter valued at about $226,000. Finally, Private Wealth Advisors LLC acquired a new stake in shares of Community West Bancshares in the 2nd quarter valued at about $267,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Community West Bancshares

In related news, Director Robert Bartlein bought 2,000 shares of Community West Bancshares stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the purchase, the director now owns 433,876 shares in the company, valued at approximately $8,135,175. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 2,550 shares of company stock worth $46,097. Company insiders own 11.15% of the company’s stock.

Community West Bancshares Stock Down 0.7 %

Shares of NASDAQ CWBC traded down $0.13 during midday trading on Friday, reaching $18.61. 26,371 shares of the company’s stock were exchanged, compared to its average volume of 48,616. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $352.47 million, a PE ratio of 28.20 and a beta of 0.86. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47. The business’s fifty day moving average price is $19.33 and its two-hundred day moving average price is $18.60.

Community West Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, November 8th. Community West Bancshares’s dividend payout ratio (DPR) is 72.73%.

Analysts Set New Price Targets

CWBC has been the subject of a number of analyst reports. StockNews.com downgraded Community West Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Piper Sandler raised their price objective on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Community West Bancshares presently has a consensus rating of “Hold” and an average price target of $20.33.

Community West Bancshares 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.