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

Siena Capital Partners GP LLC cut its stake in shares of Community West Bancshares (NASDAQ:CWBC) by 20.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & 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’s holdings in Community West Bancshares were worth $4,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Black Maple Capital Management LP raised its holdings in Community West Bancshares by 81.9% during the first quarter. Black Maple Capital Management LP now owns 31,781 shares of the financial services provider’s stock worth $632,000 after buying an additional 14,306 shares during the last quarter. Private Wealth Advisors LLC acquired a new position in Community West Bancshares during the second quarter worth $267,000. Bank of New York Mellon Corp acquired a new position in Community West Bancshares during the second quarter worth $1,770,000. Bfsg LLC acquired a new position in Community West Bancshares during the second quarter worth $82,000. Finally, Rhumbline Advisers acquired a new position in Community West Bancshares during the second quarter worth $405,000. 33.80% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Robert Bartlein acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director now owns 433,876 shares of the company’s stock, valued at approximately $8,135,175. This represents a 0.46 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 2,550 shares of company stock worth $46,097 over the last quarter. Insiders own 11.15% of the company’s stock.

Community West Bancshares Stock Performance

Shares of CWBC stock opened at $21.21 on Friday. The firm has a 50-day moving average of $19.33 and a 200-day moving average of $18.83. The company has a market cap of $401.93 million, a P/E ratio of 32.14 and a beta of 0.87. 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 one year low of $15.50 and a one year high of $24.47.

Community West Bancshares Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Community West Bancshares from a “hold” rating to a “sell” rating in a 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.