Wedbush Securities Inc. cut its holdings in shares of Community West Bancshares (NASDAQ:CWBC) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,055 shares of the financial services provider’s stock after selling 8,188 shares during the period. Wedbush Securities Inc. owned 0.50% of Community West Bancshares worth $437,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CWBC. Arlington Financial Advisors LLC purchased a new stake in shares of Community West Bancshares during the fourth quarter valued at $226,000. Dimensional Fund Advisors LP grew its holdings in shares of Community West Bancshares by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 127,970 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 1,217 shares during the last quarter. Finally, Maltese Capital Management LLC grew its holdings in shares of Community West Bancshares by 6.1% during the fourth quarter. Maltese Capital Management LLC now owns 272,696 shares of the financial services provider’s stock valued at $2,904,000 after buying an additional 15,652 shares during the last quarter. 23.24% of the stock is currently owned by institutional investors and hedge funds.
In other Community West Bancshares news, Director Shereef Moharram sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $12.05, for a total value of $60,250.00. Following the sale, the director now directly owns 14,425 shares of the company’s stock, valued at $173,821.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 23.67% of the stock is currently owned by corporate insiders.
Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.20 earnings per share for the quarter. Community West Bancshares had a net margin of 12.18% and a return on equity of 9.05%. The firm had revenue of $9.37 million for the quarter.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 9th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, February 8th. Community West Bancshares’s payout ratio is 28.07%.
Separately, TheStreet raised shares of Community West Bancshares from a “c+” rating to a “b” rating in a report on Wednesday, February 14th.
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Community West Bancshares Profile
Community West Bancshares is a bank holding company. The Company provides full-service banking through its subsidiary, Community West Bank, N.A. (the Bank). Through the Bank, the Company provides a range of financial products and services to customers, including lending and deposit products. The Company focuses on professionals, small to mid-sized businesses and individual households.
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