Community West Bancshares (NASDAQ:CWBC) Stock Crosses Below 200 Day Moving Average – What’s Next?

Community West Bancshares (NASDAQ:CWBC)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.54 and traded as low as $19.16. Community West Bancshares shares last traded at $19.40, with a volume of 38,666 shares traded.

Analyst Ratings Changes

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

Community West Bancshares Trading Down 1.4 %

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average is $20.36 and its 200-day moving average is $19.56. The stock has a market capitalization of $367.55 million, a PE ratio of 29.39 and a beta of 0.90.

Community West Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, November 8th. Community West Bancshares’s dividend payout ratio is currently 72.73%.

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, Director Robert Bartlein purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $18.75 per share, with a total value of $37,500.00. Following the transaction, the director now owns 433,876 shares in the company, valued at approximately $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven D. Mcdonald sold 1,860 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.51, for a total value of $40,008.60. Following the completion of the transaction, the director now directly owns 315,531 shares in the company, valued at $6,787,071.81. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 2,432 shares of company stock worth $45,616. 11.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Community West Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of Community West Bancshares by 228.5% during the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 15,343 shares during the period. Geode Capital Management LLC increased its stake in Community West Bancshares by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock worth $7,499,000 after buying an additional 24,294 shares during the period. State Street Corp lifted its holdings in Community West Bancshares by 12.9% in the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after buying an additional 28,695 shares in the last quarter. Systematic Financial Management LP boosted its position in Community West Bancshares by 11.9% in the 3rd quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider’s stock valued at $5,640,000 after buying an additional 31,075 shares during the last quarter. Finally, Fourthstone LLC grew its stake in shares of Community West Bancshares by 8.7% during the third quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock valued at $35,993,000 after acquiring an additional 149,506 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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.