Siena Capital Partners GP LLC Sells 54,760 Shares of Community West Bancshares (NASDAQ:CWBC)

Siena Capital Partners GP LLC cut its position in Community West Bancshares (NASDAQ:CWBC) by 20.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,257 shares of the financial services provider’s stock after selling 54,760 shares during the quarter. Siena Capital Partners GP LLC owned 1.11% of Community West Bancshares worth $4,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Community West Bancshares by 284.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider’s stock valued at $11,864,000 after buying an additional 474,671 shares in the last quarter. Private Management Group Inc. raised its position in shares of Community West Bancshares by 5.3% in the 2nd quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider’s stock valued at $10,313,000 after buying an additional 27,967 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of 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. Systematic Financial Management LP acquired a new position in shares of Community West Bancshares in the 2nd quarter valued at approximately $4,842,000. Finally, American Century Companies Inc. raised its position in shares of Community West Bancshares by 24.6% in the 2nd quarter. American Century Companies Inc. now owns 120,070 shares of the financial services provider’s stock valued at $2,221,000 after buying an additional 23,738 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Community West Bancshares Price Performance

CWBC stock opened at $21.21 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. Community West Bancshares has a 1 year low of $15.50 and a 1 year high of $24.47. The company has a 50 day simple moving average of $19.33 and a 200 day simple moving average of $18.83. The stock has a market cap of $401.93 million, a price-to-earnings ratio of 32.14 and a beta of 0.87.

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, November 8th. Community West Bancshares’s dividend payout ratio (DPR) is currently 72.73%.

Insider Buying and Selling at Community West Bancshares

In other news, Director Robert Bartlein acquired 2,000 shares of Community West Bancshares stock in a transaction dated 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 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders acquired 2,550 shares of company stock worth $46,097. 11.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Community West Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th.

Community West Bancshares Company 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.