Community West Bancshares (NASDAQ:CWBC) Director Sells $196,924.05 in Stock

Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald sold 9,155 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $21.51, for a total value of $196,924.05. Following the completion of the transaction, the director now directly owns 317,391 shares of the company’s stock, valued at approximately $6,827,080.41. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Community West Bancshares Stock Down 2.2 %

NASDAQ:CWBC opened at $20.88 on Wednesday. The stock has a 50-day simple moving average of $20.21 and a 200 day simple moving average of $19.44. 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 company has a market cap of $395.59 million, a PE ratio of 31.64 and a beta of 0.90. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.12 per share. The ex-dividend date was Friday, November 8th. This represents a $0.48 annualized dividend and a yield of 2.30%. Community West Bancshares’s dividend payout ratio (DPR) is presently 72.73%.

Hedge Funds Weigh In On Community West Bancshares

Large investors have recently modified their holdings of the business. Bfsg LLC bought a new stake in Community West Bancshares during the second quarter worth about $82,000. Acadian Asset Management LLC bought a new stake in Community West Bancshares in the 2nd quarter valued at about $106,000. SG Americas Securities LLC bought a new stake in Community West Bancshares in the 3rd quarter valued at about $132,000. Bridgewealth Advisory Group LLC acquired a new position in shares of Community West Bancshares during the 2nd quarter worth approximately $226,000. Finally, Private Wealth Advisors LLC bought a new position in shares of Community West Bancshares during the second quarter worth approximately $267,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.