Insider Selling: Community West Bancshares (NASDAQ:CWBC) Director Sells 1,860 Shares of Stock

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

Community West Bancshares Stock Down 2.2 %

Shares of Community West Bancshares stock opened at $20.88 on Wednesday. Community West Bancshares has a 1-year low of $15.50 and a 1-year high of $24.47. The company has a market capitalization of $395.59 million, a PE ratio of 31.64 and a beta of 0.90. 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 business has a 50-day moving average of $20.21 and a 200-day moving average of $19.44.

Community West Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.12 per share. 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 dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped 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 research note on Wednesday, December 4th.

Institutional Investors Weigh In On Community West Bancshares

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

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.