Platform Wealth Management LLC Makes New $558,000 Investment in Community West Bancshares $CWBC

Platform Wealth Management LLC bought a new position in Community West Bancshares (NASDAQ:CWBC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 24,791 shares of the financial services provider’s stock, valued at approximately $558,000. Platform Wealth Management LLC owned about 0.13% of Community West Bancshares as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Community West Bancshares by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 786,040 shares of the financial services provider’s stock worth $16,381,000 after acquiring an additional 17,244 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of Community West Bancshares by 34.1% during the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider’s stock worth $9,267,000 after purchasing an additional 104,779 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Community West Bancshares by 70.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 70,771 shares of the financial services provider’s stock worth $1,592,000 after purchasing an additional 29,299 shares during the period. First Trust Advisors LP grew its holdings in shares of Community West Bancshares by 418.3% during the 3rd quarter. First Trust Advisors LP now owns 63,054 shares of the financial services provider’s stock worth $1,314,000 after purchasing an additional 50,889 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Community West Bancshares by 192.6% during the 2nd quarter. Marshall Wace LLP now owns 55,451 shares of the financial services provider’s stock worth $1,082,000 after purchasing an additional 36,499 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

Community West Bancshares Stock Performance

Shares of Community West Bancshares stock opened at $23.62 on Thursday. The business has a 50-day moving average of $23.69 and a 200 day moving average of $23.37. Community West Bancshares has a 12 month low of $17.56 and a 12 month high of $25.72. The stock has a market capitalization of $640.81 million, a price-to-earnings ratio of 10.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.

Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Community West Bancshares had a return on equity of 10.44% and a net margin of 20.77%.The company had revenue of $38.58 million during the quarter, compared to analysts’ expectations of $38.23 million. As a group, sell-side analysts forecast that Community West Bancshares will post 2.59 earnings per share for the current year.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, May 8th. Community West Bancshares’s dividend payout ratio (DPR) is presently 22.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CWBC shares. Zacks Research cut Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a report on Friday, March 27th. Wall Street Zen upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Piper Sandler increased their price target on Community West Bancshares from $30.00 to $30.50 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, DA Davidson reiterated a “buy” rating and set a $29.00 price target on shares of Community West Bancshares in a report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.17.

Community West Bancshares Profile

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company’s product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.