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 the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $21.51, for a total value of $196,924.05. Following the sale, the director now directly owns 317,391 shares of the company’s stock, valued at $6,827,080.41. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Community West Bancshares Price Performance

CWBC opened at $20.88 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $395.59 million, a P/E ratio of 31.64 and a beta of 0.90. The company’s 50 day simple moving average is $20.21 and its 200-day simple moving average is $19.44. Community West Bancshares has a one year low of $15.50 and a one year high of $24.47.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given 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 yield of 2.30%. Community West Bancshares’s payout ratio is 72.73%.

Institutional Investors Weigh In On Community West Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Fourthstone LLC increased its position in Community West Bancshares by 8.7% in the third quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock worth $35,993,000 after purchasing an additional 149,506 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Community West Bancshares by 284.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider’s stock worth $11,864,000 after buying an additional 474,671 shares during the period. Private Management Group Inc. raised its stake in shares of Community West Bancshares by 5.3% during the second quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider’s stock worth $10,313,000 after buying an additional 27,967 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Community West Bancshares by 6.7% in the third quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock valued at $7,499,000 after buying an additional 24,294 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Community West Bancshares by 198.0% in the second quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock valued at $6,770,000 after acquiring an additional 243,165 shares during the last quarter. Institutional investors own 33.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their target price on Community West Bancshares from $21.00 to $24.00 and gave the company a “market perform” rating in a research note 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.