Robert Bartlein Acquires 2,000 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein bought 2,000 shares of the stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $18.75 per share, with a total value of $37,500.00. Following the purchase, the director now owns 433,876 shares in the company, valued at $8,135,175. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Community West Bancshares Trading Down 0.7 %

CWBC opened at $18.61 on Friday. Community West Bancshares has a one year low of $15.50 and a one year high of $24.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $19.33 and a two-hundred day simple moving average of $18.61. The firm has a market capitalization of $352.47 million, a price-to-earnings ratio of 28.20 and a beta of 0.86.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.58%. Community West Bancshares’s dividend payout ratio is presently 72.73%.

Institutional Trading of Community West Bancshares

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CWBC. Piper Sandler boosted their price objective on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com lowered shares of Community West Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Community West Bancshares presently has a consensus rating of “Hold” and a consensus price target of $20.33.

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.