Fourthstone LLC Has $35.99 Million Stake in Community West Bancshares (NASDAQ:CWBC)

Fourthstone LLC increased its position in shares of Community West Bancshares (NASDAQ:CWBC) by 8.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,868,778 shares of the financial services provider’s stock after purchasing an additional 149,506 shares during the period. Community West Bancshares comprises about 8.0% of Fourthstone LLC’s investment portfolio, making the stock its 4th largest position. Fourthstone LLC owned about 9.86% of Community West Bancshares worth $35,993,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Community West Bancshares by 284.8% during the second quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider’s stock worth $11,864,000 after purchasing an additional 474,671 shares during the period. Systematic Financial Management LP bought a new position in shares of Community West Bancshares during the 2nd quarter worth approximately $4,842,000. The Manufacturers Life Insurance Company boosted its stake in Community West Bancshares by 198.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock valued at $6,770,000 after buying an additional 243,165 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Community West Bancshares in the 2nd quarter valued at $1,770,000. Finally, LSV Asset Management bought a new stake in Community West Bancshares in the second quarter valued at $1,507,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Community West Bancshares Price Performance

Shares of NASDAQ CWBC traded down $0.08 during midday trading on Thursday, reaching $21.96. 27,548 shares of the company traded hands, compared to its average volume of 50,555. Community West Bancshares has a 12 month low of $15.50 and a 12 month high of $24.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50-day simple moving average is $19.46 and its 200-day simple moving average is $18.97. The firm has a market cap of $416.14 million, a PE ratio of 33.27 and a beta of 0.87.

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.19%. Community West Bancshares’s dividend payout ratio (DPR) is presently 72.73%.

Insiders Place Their Bets

In other Community West Bancshares news, Director Robert Bartlein acquired 2,000 shares of Community West Bancshares stock in a transaction on Friday, November 1st. The shares were bought at an average price of $18.75 per share, with a total value of $37,500.00. Following the completion of the purchase, the director now owns 433,876 shares in the company, valued at $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 2,610 shares of company stock valued at $47,383. 11.15% of the stock is currently owned by insiders.

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 deposits; and cash management products.