Community West Bancshares (NASDAQ:CWBC) Short Interest Update

Community West Bancshares (NASDAQ:CWBC - Get Free Report) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 226,800 shares, a decrease of 6.8% from the October 15th total of 243,400 shares. Based on an average daily volume of 37,900 shares, the short-interest ratio is presently 6.0 days.

Analysts Set New Price Targets

CWBC has been the subject of several analyst reports. StockNews.com lowered shares of Community West Bancshares from a "hold" rating to a "sell" rating in a research note on Thursday, July 25th. Piper Sandler upped their price target on Community West Bancshares from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th.

Community West Bancshares Stock Performance

Shares of Community West Bancshares stock traded up $0.25 on Monday, reaching $20.70. The stock had a trading volume of 112,140 shares, compared to its average volume of 49,833. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The business's 50-day moving average price is $19.26 and its two-hundred day moving average price is $18.75. 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 stock has a market cap of $392.27 million, a P/E ratio of 30.99 and a beta of 0.87.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, November 8th. Community West Bancshares's dividend payout ratio (DPR) is currently 72.73%.

Insiders Place Their Bets

In other Community West Bancshares news, Director Robert Bartlein bought 2,000 shares of Community West Bancshares stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the purchase, the director now directly owns 433,876 shares of the company's stock, valued at $8,135,175. The trade was a 0.46 % increase 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. Insiders have bought a total of 2,550 shares of company stock valued at $46,097 in the last three months. Insiders own 11.15% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Community West Bancshares by 6.7% in the third quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider's stock worth $7,499,000 after acquiring an additional 24,294 shares during the last quarter. Barclays PLC grew its position in Community West Bancshares by 228.5% in the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider's stock worth $424,000 after purchasing an additional 15,343 shares during the last quarter. State Street Corp increased its holdings in shares of Community West Bancshares by 12.9% during the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider's stock worth $4,852,000 after purchasing an additional 28,695 shares during the period. Systematic Financial Management LP lifted its stake in shares of Community West Bancshares by 11.9% in the third quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider's stock valued at $5,640,000 after buying an additional 31,075 shares during the period. Finally, Fourthstone LLC lifted its stake 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 valued at $35,993,000 after buying an additional 149,506 shares during the period. 33.80% of the stock is currently 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.