Two Sigma Investments LP Has $628,000 Stock Holdings in Community West Bancshares (NASDAQ:CWBC)

Two Sigma Investments LP lifted its holdings in Community West Bancshares (NASDAQ:CWBC) by 92.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,447 shares of the financial services provider’s stock after acquiring an additional 15,616 shares during the quarter. Two Sigma Investments LP’s holdings in Community West Bancshares were worth $628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of Community West Bancshares in the fourth quarter worth $27,000. Tower Research Capital LLC TRC boosted its position in Community West Bancshares by 33.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 529 shares during the last quarter. US Bancorp DE acquired a new stake in Community West Bancshares during the fourth quarter valued at $56,000. BNP Paribas Financial Markets boosted its position in Community West Bancshares by 29.2% during the fourth quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Forum Financial Management LP acquired a new stake in Community West Bancshares during the fourth quarter valued at $245,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Community West Bancshares Price Performance

NASDAQ CWBC opened at $17.99 on Monday. Community West Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $22.89. The stock’s 50-day moving average is $17.39 and its two-hundred day moving average is $18.71. 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 firm has a market cap of $342.91 million, a P/E ratio of 34.60 and a beta of 0.75.

Community West Bancshares (NASDAQ:CWBC) last posted its earnings results on Monday, April 21st. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. The company had revenue of $34.79 million for the quarter, compared to the consensus estimate of $35.05 million. On average, analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.48 annualized dividend and a yield of 2.67%. Community West Bancshares’s dividend payout ratio (DPR) is currently 73.85%.

Analyst Ratings Changes

A number of analysts recently issued reports on CWBC shares. Keefe, Bruyette & Woods reduced their price objective on Community West Bancshares from $21.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Piper Sandler reduced their price objective on Community West Bancshares from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd.

Insider Buying and Selling at Community West Bancshares

In other Community West Bancshares news, Director Robert Bartlein acquired 2,001 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were acquired at an average cost of $17.19 per share, for a total transaction of $34,397.19. Following the completion of the purchase, the director now owns 440,877 shares of the company’s stock, valued at approximately $7,578,675.63. This trade represents a 0.46% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 5,425 shares of company stock worth $93,836 over the last three months. Corporate insiders own 10.57% of the company’s stock.

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.