Community West Bancshares (NASDAQ:CWBC) Director Sells $40,008.60 in Stock

Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald sold 1,860 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was 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 in the company, valued at $6,787,071.81. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Community West Bancshares Price Performance

NASDAQ CWBC opened at $20.03 on Thursday. The company has a 50-day moving average price of $20.25 and a 200-day moving average price of $19.44. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $379.49 million, a P/E ratio of 30.35 and a beta of 0.90. Community West Bancshares has a 52 week low of $15.50 and a 52 week high of $24.47.

Community West Bancshares Announces Dividend

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

Hedge Funds Weigh In On Community West Bancshares

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Community West Bancshares by 284.8% in the second quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider’s stock valued at $11,864,000 after acquiring an additional 474,671 shares in the last quarter. Systematic Financial Management LP bought a new position in shares of Community West Bancshares during the second quarter worth $4,842,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Community West Bancshares by 198.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock valued at $6,770,000 after purchasing an additional 243,165 shares during the last quarter. Fourthstone LLC increased its holdings in shares of 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 last quarter. Finally, Bank of New York Mellon Corp bought a new position in Community West Bancshares during the second quarter valued at approximately $1,770,000. 33.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price target on 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.