Community West Bancshares (NASDAQ:CWBC) Position Held by First Manhattan Co.
First Manhattan Co. continued to hold its stake in shares of Community West Bancshares (NASDAQ:CWBC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,888 shares of the financial services provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Community West Bancshares were worth $241,000 as of its most recent filing with the SEC.
Shares of Community West Bancshares (NASDAQ:CWBC) opened at 10.3206 on Friday. The company’s 50 day moving average is $10.20 and its 200-day moving average is $10.15. The stock has a market capitalization of $84.21 million, a price-to-earnings ratio of 15.4039 and a beta of 0.53. Community West Bancshares has a 1-year low of $7.75 and a 1-year high of $10.65.
Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Friday, July 28th. The financial services provider reported $0.18 EPS for the quarter. The business had revenue of $8.73 million for the quarter. Community West Bancshares had a return on equity of 8.68% and a net margin of 15.37%.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 14th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.16 annualized dividend and a dividend yield of 1.55%. Community West Bancshares’s payout ratio is currently 23.53%.
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In other Community West Bancshares news, EVP Charles G. Baltuskonis sold 9,493 shares of Community West Bancshares stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $10.17, for a total transaction of $96,543.81. Following the sale, the executive vice president now directly owns 58,773 shares in the company, valued at approximately $597,721.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Peeples sold 28,807 shares of Community West Bancshares stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $10.03, for a total value of $288,934.21. Following the sale, the director now owns 919,257 shares in the company, valued at $9,220,147.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,217 shares of company stock worth $773,314. Company insiders own 26.01% of the company’s stock.
Community West Bancshares Company Profile
Community West Bancshares is a bank holding company. The Company provides full-service banking through its subsidiary, Community West Bank, N.A. (the Bank). Through the Bank, the Company provides a range of financial products and services to customers, including lending and deposit products. The Company focuses on professionals, small to mid-sized businesses and individual households.
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