Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald Sells 9,155 Shares

Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald sold 9,155 shares of Community West Bancshares stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $21.51, for a total value of $196,924.05. Following the completion of the sale, the director now directly owns 317,391 shares of the company’s stock, valued at approximately $6,827,080.41. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Community West Bancshares Trading Down 4.1 %

Shares of CWBC stock opened at $20.03 on Thursday. The stock has a market capitalization of $379.49 million, a price-to-earnings ratio of 30.35 and a beta of 0.90. The company’s fifty day simple moving average is $20.25 and its two-hundred day simple moving average is $19.44. Community West Bancshares has a 1 year low of $15.50 and a 1 year high of $24.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

Community West Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.40%. Community West Bancshares’s payout ratio is 72.73%.

Institutional Trading of Community West Bancshares

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their target price 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.