Wedbush Securities Inc. grew its position in Community West Bancshares (NASDAQ:CWBC) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,614 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the period. Wedbush Securities Inc. owned about 0.52% of Community West Bancshares worth $421,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Community West Bancshares by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 150,460 shares of the financial services provider’s stock worth $1,509,000 after buying an additional 9,330 shares during the last quarter. Cutler Capital Management LLC grew its stake in Community West Bancshares by 40.1% during the first quarter. Cutler Capital Management LLC now owns 216,639 shares of the financial services provider’s stock worth $2,205,000 after buying an additional 62,039 shares during the last quarter. Finally, Context BH Capital Management LP grew its stake in Community West Bancshares by 17.4% during the first quarter. Context BH Capital Management LP now owns 93,597 shares of the financial services provider’s stock worth $953,000 after buying an additional 13,839 shares during the last quarter. 24.22% of the stock is owned by institutional investors.
Separately, ValuEngine cut shares of Community West Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.
CWBC opened at $9.67 on Friday. Community West Bancshares has a one year low of $9.44 and a one year high of $12.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.09 and a quick ratio of 1.03. The company’s 50 day simple moving average is $9.78 and its 200-day simple moving average is $10.02. The stock has a market capitalization of $82.74 million, a P/E ratio of 12.37 and a beta of 0.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 13th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.22 annualized dividend and a yield of 2.28%.
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 deposit, as well as cash management products.
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