Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald Sells 1,860 Shares

Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald sold 1,860 shares of Community West Bancshares 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 sale, the director now owns 315,531 shares of the company’s stock, valued at $6,787,071.81. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Community West Bancshares Trading Down 2.2 %

Shares of CWBC opened at $20.88 on Wednesday. The stock’s fifty day simple moving average is $20.21 and its 200 day simple moving average is $19.44. Community West Bancshares has a twelve month low of $15.50 and a twelve month high of $24.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $395.59 million, a P/E ratio of 31.64 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 issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.30%. Community West Bancshares’s dividend payout ratio (DPR) is 72.73%.

Institutional Trading of Community West Bancshares

A number of institutional investors have recently modified their holdings of CWBC. Bfsg LLC purchased a new position in Community West Bancshares in the second quarter valued at approximately $82,000. Acadian Asset Management LLC acquired a new stake in shares of Community West Bancshares in the second quarter worth $106,000. SG Americas Securities LLC purchased a new position in shares of Community West Bancshares in the 3rd quarter valued at $132,000. Bridgewealth Advisory Group LLC acquired a new position in shares of Community West Bancshares during the 2nd quarter valued at $226,000. Finally, Private Wealth Advisors LLC purchased a new stake in Community West Bancshares during the 2nd quarter worth $267,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted 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 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.