Trading was heavy with 9,422 shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 257.57% over the normal average daily volume.
Investors are more bullish on Community West Bncsh of late if you pay attention to the fall in short interest. The firm saw a fall in short interest of -30.38% as of the latest report on October 13, 2017. Short interest decreased from 3,331 to 2,319 over that period. Days to cover decreased -5.0 to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
Community West Bncsh (NASDAQ:CWBC) has been the object of insider buying activity recently. Kirk Stovesand, Director disclosed the purchase of 380 shares. The shares were bought on November 7th for a price of $10.43. Stovesand now owns $506,700 of the stock according to the SEC filing. Tom Dobyns, Director acquired $25,725 worth of shares at an average price of $10.29 on Thu the 7th. The Director now owns $25,725 of the stock per an SEC filing yesterday.
Kirk Stovesand, Director purchased $1,912 worth of shares at an average price of $10.28 on September 1st. That brings the Director’s holdings to $495,506 as recorded in a recent Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. Stieven Capital Advisors, L.p. downsized its stake by shedding 2,300 shares a decrease of 0.4% in the quarter. Stieven Capital Advisors, L.p. now controls 509,535 shares with a value of $5,274,000. The total value of its holdings increased 2.0%. Wellington Management Group LLP reduced its holdings by selling 5 shares a decrease of 0.0% from 06/30/2017 to 09/30/2017. Wellington Management Group LLP owns 36,545 shares worth $378,000. The value of the position overall is down by 0.5%.
As of the end of the quarter Alliancebernstein L.P. had sold 6,017 shares trimming its holdings by 3.7%. The value of the investment in (CWBC) went from $1,632,000 to $1,610,000 a change of 1.3% for the reporting period. As of quarter end Morgan Stanley had acquired a total of 3,720 shares growing its position 17,714.3%. The value of the investment in CWBC increased from $0 to $39,000 a change of $39,000 quarter to quarter.
The company is so far trading unchanged by 0.00% percent from yesterday’s close. The most current P/E ratio is 15.74 and the market cap is 87.51M. In the last earnings report the EPS was $0.68 with 8.18M shares now outstanding.
Community West Bancshares, launched on November 26, 1996, 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. Relationship banking is conducted at the community level through approximately five branch offices in the cities of Goleta, Santa Barbara, Santa Maria, Ventura and Westlake Village, California and a loan production office in San Luis Obispo. The Business’s products and services include deposit products, such as checking accounts, savings accounts, money market accounts and fixed rate, fixed maturity certificates of deposits, and lending products, including commercial loans, commercial real estate loans and consumer loans. The Company has an agricultural lending program for agricultural land, agricultural operational lines, and agricultural term loans for crops, equipment and livestock. The Company has a financing program for manufactured housing. The Company originates small business administration (SBA) loans, which are sold into the secondary market. The Bank provides loans, letters of credit and other trade-related services to commercial enterprises that conduct business outside the United States..