Bank of New York Mellon Corp Has $842,000 Holdings in Community West Bancshares (NASDAQ:CWBC)

Bank of New York Mellon Corp trimmed its stake in Community West Bancshares (NASDAQ:CWBC) by 54.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,451 shares of the financial services provider’s stock after selling 52,028 shares during the period. Bank of New York Mellon Corp’s holdings in Community West Bancshares were worth $842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CWBC. Spire Wealth Management acquired a new position in Community West Bancshares in the 4th quarter valued at approximately $27,000. Kestra Private Wealth Services LLC raised its stake in shares of Community West Bancshares by 7.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 1,598 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Community West Bancshares by 12.8% in the fourth quarter. Rhumbline Advisers now owns 21,387 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 2,430 shares in the last quarter. Barclays PLC lifted its holdings in shares of Community West Bancshares by 228.5% during the 3rd 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. Finally, Geode Capital Management LLC lifted its stake in Community West Bancshares by 6.7% during the third quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock worth $7,499,000 after purchasing an additional 24,294 shares during the period. Institutional investors own 33.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com raised Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. DA Davidson lowered their target price on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday, January 24th.

Community West Bancshares Stock Down 0.5 %

NASDAQ:CWBC opened at $18.54 on Wednesday. The company has a market cap of $353.21 million, a price-to-earnings ratio of 35.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average price is $18.81 and its two-hundred day moving average price is $19.43. Community West Bancshares has a 52-week low of $14.99 and a 52-week high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results 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 net margin of 4.59% and a return on equity of 7.90%. On average, analysts anticipate that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.59%. Community West Bancshares’s payout ratio is presently 92.31%.

Insider Activity

In related news, CEO James J. Kim purchased 1,600 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $17.36 per share, with a total value of $27,776.00. Following the purchase, the chief executive officer now directly owns 60,178 shares in the company, valued at $1,044,690.08. This trade represents a 2.73 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, President Martin E. Plourd sold 7,732 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was 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 in the company, valued at $1,593,514.62. This represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 5,748 shares of company stock valued at $103,747. 11.15% of the stock is currently owned by insiders.

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.