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

Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald sold 1,860 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $21.51, for a total value of $40,008.60. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Community West Bancshares Trading Down 2.2 %

Shares of NASDAQ:CWBC traded down $0.46 during trading on Tuesday, reaching $20.88. The company’s stock had a trading volume of 83,060 shares, compared to its average volume of 50,167. The stock has a market capitalization of $395.59 million, a PE ratio of 31.64 and a beta of 0.90. 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’s 50 day simple moving average is $20.15 and its two-hundred day simple moving average is $19.41. Community West Bancshares has a 12 month low of $15.50 and a 12 month high of $24.47.

Community West Bancshares Dividend Announcement

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

Wall Street Analysts Forecast Growth

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 report on Wednesday, December 4th.

Hedge Funds Weigh In On Community West Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bfsg LLC acquired a new stake in Community West Bancshares in the second quarter valued at approximately $82,000. Acadian Asset Management LLC purchased a new stake in Community West Bancshares in the 2nd quarter worth approximately $106,000. SG Americas Securities LLC acquired a new stake in shares of Community West Bancshares during the 3rd quarter valued at about $132,000. Bridgewealth Advisory Group LLC purchased a new stake in Community West Bancshares in the 2nd quarter worth $226,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Community West Bancshares during the second quarter valued at approximately $268,000. 33.80% of the stock is currently owned by institutional investors.

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.