Community West Bancshares (NASDAQ:CWBC) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its stake in Community West Bancshares (NASDAQ:CWBC) by 21.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,169 shares of the financial services provider’s stock after selling 5,095 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.10% of Community West Bancshares worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Black Maple Capital Management LP lifted its stake in Community West Bancshares by 8.8% in the fourth quarter. Black Maple Capital Management LP now owns 17,475 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 1,417 shares during the last quarter. Bfsg LLC purchased a new stake in shares of Community West Bancshares during the 2nd quarter worth $82,000. Private Wealth Advisors LLC acquired a new position in shares of Community West Bancshares during the second quarter worth $267,000. Rhumbline Advisers purchased a new position in Community West Bancshares in the second quarter valued at $405,000. Finally, Bank of New York Mellon Corp acquired a new stake in Community West Bancshares in the second quarter valued at $1,770,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Insider Activity

In related news, EVP Patrick A. Luis sold 1,650 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.37, for a total transaction of $31,960.50. Following the completion of the sale, the executive vice president now owns 27,586 shares in the company, valued at approximately $534,340.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.15% of the company’s stock.

Community West Bancshares Stock Performance

NASDAQ CWBC opened at $19.82 on Friday. The company has a fifty day moving average of $19.59 and a two-hundred day moving average of $17.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80. Community West Bancshares has a 1 year low of $13.55 and a 1 year high of $24.47. The company has a market capitalization of $374.00 million, a PE ratio of 10.49 and a beta of 0.87.

Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.42. The firm had revenue of $30.46 million during the quarter, compared to analysts’ expectations of $37.14 million. Community West Bancshares had a return on equity of 9.99% and a net margin of 7.51%. As a group, analysts expect that Community West Bancshares will post 1.42 earnings per share for the current year.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.42%. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.40%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com downgraded Community West Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.33.

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.