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 stock was sold at an average price of $21.51, for a total value of $196,924.05. Following the sale, the director now owns 317,391 shares of the company’s stock, valued at $6,827,080.41. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Community West Bancshares Trading Down 4.1 %

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

Community West Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued 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 2.40%. Community West Bancshares’s dividend payout ratio (DPR) is currently 72.73%.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their price objective 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.

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.