Community West Bancshares (NASDAQ:CWBC) Director Sells $40,008.60 in Stock

Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald sold 1,860 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.51, for a total transaction of $40,008.60. Following the transaction, the director now owns 315,531 shares in the company, valued at $6,787,071.81. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Community West Bancshares Stock Performance

NASDAQ:CWBC opened at $19.80 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $375.13 million, a PE ratio of 30.00 and a beta of 0.90. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The company has a fifty day moving average of $20.29 and a two-hundred day moving average of $19.45.

Community West Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, November 8th. Community West Bancshares’s dividend payout ratio (DPR) is currently 72.73%.

Institutional Trading of Community West Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Private Wealth Advisors LLC purchased a new position in Community West Bancshares in the second quarter worth approximately $267,000. Bank of New York Mellon Corp purchased a new position in shares of Community West Bancshares during the 2nd quarter worth $1,770,000. Bfsg LLC purchased a new position in shares of Community West Bancshares during the 2nd quarter worth $82,000. Rhumbline Advisers acquired a new stake in shares of Community West Bancshares during the 2nd quarter worth about $405,000. Finally, Acadian Asset Management LLC purchased a new stake in Community West Bancshares in the 2nd quarter valued at about $106,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their target price on Community West Bancshares from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

About Community West Bancshares

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.