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

Community West Bancshares (NASDAQ:CWBC - Get Free Report) Director Steven D. Mcdonald sold 1,860 shares of the company's stock in a transaction 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 in the company, valued at approximately $6,787,071.81. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Community West Bancshares Stock Performance

Shares of NASDAQ:CWBC traded down $0.46 during midday trading on Tuesday, reaching $20.88. 83,060 shares of the company traded hands, compared to its average volume of 50,167. The firm's fifty day moving average price is $20.15 and its two-hundred day moving average price is $19.41. The firm has a market capitalization of $395.59 million, a price-to-earnings ratio of 31.64 and a beta of 0.90. The company has a quick ratio of 0.82, a current 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.12 dividend. The ex-dividend date 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 is presently 72.73%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price target on Community West Bancshares from $21.00 to $24.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Systematic Financial Management LP bought a new stake in Community West Bancshares in the 2nd quarter worth $4,842,000. Victory Capital Management Inc. purchased a new position in shares of Community West Bancshares during the third quarter valued at about $847,000. Private Management Group Inc. raised its stake in Community West Bancshares by 5.3% in the second quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider's stock worth $10,313,000 after buying an additional 27,967 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Community West Bancshares in the second quarter worth about $1,770,000. Finally, LSV Asset Management bought a new position in shares of Community West Bancshares in the 2nd quarter worth approximately $1,507,000. 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.

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