Systematic Financial Management LP Acquires 31,075 Shares of Community West Bancshares (NASDAQ:CWBC)

Systematic Financial Management LP increased its stake in Community West Bancshares (NASDAQ:CWBC) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 292,810 shares of the financial services provider’s stock after purchasing an additional 31,075 shares during the period. Systematic Financial Management LP owned approximately 1.55% of Community West Bancshares worth $5,640,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CWBC. Bfsg LLC purchased a new position in Community West Bancshares in the 2nd quarter worth approximately $82,000. Acadian Asset Management LLC purchased a new position in Community West Bancshares in the second quarter worth $106,000. SG Americas Securities LLC purchased a new position in Community West Bancshares in the third quarter worth $132,000. Bridgewealth Advisory Group LLC bought a new position in Community West Bancshares in the second quarter valued at $226,000. Finally, Private Wealth Advisors LLC purchased a new stake in Community West Bancshares during the second quarter valued at about $267,000. 33.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective on Community West Bancshares from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday.

Insider Buying and Selling at Community West Bancshares

In other news, Director Robert Bartlein bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average cost of $18.75 per share, with a total value of $37,500.00. Following the completion of the purchase, the director now directly owns 433,876 shares in the company, valued at $8,135,175. This represents a 0.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders acquired a total of 2,432 shares of company stock worth $45,616 over the last three months. Company insiders own 11.15% of the company’s stock.

Community West Bancshares Trading Down 0.9 %

Shares of CWBC opened at $21.82 on Friday. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The firm has a market cap of $413.49 million, a price-to-earnings ratio of 33.06 and a beta of 0.90. The firm has a 50 day moving average price of $19.72 and a 200-day moving average price of $19.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.20%. The ex-dividend date was Friday, November 8th. Community West Bancshares’s dividend payout ratio is presently 72.73%.

About Community West Bancshares

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.