Orion Portfolio Solutions LLC Sells 948 Shares of Community West Bancshares (NASDAQ:CWBC)

Orion Portfolio Solutions LLC decreased its position in Community West Bancshares (NASDAQ:CWBC) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,626 shares of the financial services provider’s stock after selling 948 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Community West Bancshares were worth $532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Systematic Financial Management LP bought a new position in Community West Bancshares in the 2nd quarter worth $4,842,000. Victory Capital Management Inc. bought a new position in shares of Community West Bancshares in the third quarter worth about $847,000. Private Management Group Inc. increased its stake in shares of Community West Bancshares by 5.3% in the second quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider’s stock worth $10,313,000 after purchasing an additional 27,967 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Community West Bancshares during the 2nd quarter worth about $1,770,000. Finally, LSV Asset Management bought a new stake in Community West Bancshares during the 2nd quarter valued at approximately $1,507,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Community West Bancshares from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Community West Bancshares Trading Down 2.2 %

Shares of Community West Bancshares stock opened at $20.88 on Wednesday. The firm has a market capitalization of $395.59 million, a PE ratio of 31.64 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The company’s fifty day moving average price is $20.21 and its two-hundred day moving average price is $19.44. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, November 8th. Community West Bancshares’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling at Community West Bancshares

In related news, Director Steven D. Mcdonald sold 9,155 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $21.51, for a total transaction of $196,924.05. Following the transaction, the director now owns 317,391 shares in the company, valued at $6,827,080.41. This represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Bartlein purchased 2,000 shares of Community West Bancshares stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the transaction, the director now 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 disclosure for this purchase can be found here. Insiders have acquired 2,432 shares of company stock valued at $45,616 in the last 90 days. 11.15% of the stock is currently owned by company 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.