Steven D. Mcdonald Sells 9,155 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) Director Steven D. Mcdonald sold 9,155 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $21.51, for a total transaction of $196,924.05. Following the completion of the sale, the director now directly owns 317,391 shares in the company, 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 can be accessed through this link.

Community West Bancshares Stock Performance

CWBC stock opened at $19.80 on Friday. The firm has a market cap of $375.13 million, a P/E ratio of 30.00 and a beta of 0.90. The stock’s 50 day simple moving average is $20.29 and its 200 day simple moving average is $19.45. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. 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 declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders 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 dividend yield of 2.42%. Community West Bancshares’s payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC lifted its holdings in Community West Bancshares by 5.4% in the third quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock worth $1,473,000 after acquiring an additional 3,886 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Community West Bancshares during the 2nd quarter worth approximately $82,000. Acadian Asset Management LLC bought a new stake in shares of Community West Bancshares in the 2nd quarter worth approximately $106,000. SG Americas Securities LLC bought a new stake in shares of Community West Bancshares in the 3rd quarter worth approximately $132,000. Finally, Bridgewealth Advisory Group LLC acquired a new position in Community West Bancshares during the 2nd quarter valued at approximately $226,000. 33.80% of the stock is owned by institutional investors and hedge funds.

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.