American Century Companies Inc. Sells 4,217 Shares of Community West Bancshares (NASDAQ:CWBC)

American Century Companies Inc. decreased its stake in shares of Community West Bancshares (NASDAQ:CWBC) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,009 shares of the financial services provider’s stock after selling 4,217 shares during the period. American Century Companies Inc. owned approximately 0.54% of Community West Bancshares worth $1,995,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CWBC. State Street Corp increased its stake in Community West Bancshares by 12.9% in the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock valued at $4,852,000 after buying an additional 28,695 shares during the last quarter. Barclays PLC grew its holdings in shares of Community West Bancshares by 228.5% in the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 15,343 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Community West Bancshares by 6.7% in the third quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock valued at $7,499,000 after acquiring an additional 24,294 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Community West Bancshares in the fourth quarter valued at about $27,000. Finally, Kestra Private Wealth Services LLC raised its holdings in Community West Bancshares by 7.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 1,598 shares in the last quarter. 33.80% of the stock is owned by institutional investors.

Community West Bancshares Stock Performance

CWBC opened at $15.99 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $304.79 million, a PE ratio of 30.75 and a beta of 0.78. Community West Bancshares has a 1 year low of $15.57 and a 1 year high of $22.89. The business has a fifty day simple moving average of $18.14 and a 200 day simple moving average of $19.11.

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%. Research analysts expect that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 3.00%. Community West Bancshares’s payout ratio is 92.31%.

Insider Buying and Selling

In related news, CEO James J. Kim bought 1,600 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the transaction, the chief executive officer now directly owns 60,178 shares of the company’s stock, valued at approximately $1,044,690.08. This represents a 2.73 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, President Martin E. Plourd sold 7,732 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $19.26, for a total value of $148,918.32. Following the sale, the president now owns 82,737 shares in the company, valued at approximately $1,593,514.62. This trade represents a 8.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 5,805 shares of company stock worth $104,788 in the last ninety days. 10.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CWBC shares. StockNews.com upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 27th. DA Davidson dropped their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered 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 research note on Friday, January 24th.

Community West Bancshares Company 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.