Community West Bancshares (NASDAQ:CWBC) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Community West Bancshares (NASDAQ:CWBC - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.54 and traded as low as $19.16. Community West Bancshares shares last traded at $19.40, with a volume of 38,666 shares traded.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on 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.

Community West Bancshares Trading Down 1.4 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $367.55 million, a price-to-earnings ratio of 29.39 and a beta of 0.90. The firm's fifty day moving average is $20.36 and its 200-day moving average is $19.56.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.12 per share. The ex-dividend date was Friday, November 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.47%. Community West Bancshares's payout ratio is 72.73%.

Insiders Place Their Bets

In other news, Director Steven D. Mcdonald sold 1,860 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was 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 owns 315,531 shares in the company, valued at $6,787,071.81. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Bartlein bought 2,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director now owns 433,876 shares in the company, valued at $8,135,175. This represents a 0.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 2,432 shares of company stock worth $45,616. 11.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Community West Bancshares

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in shares of Community West Bancshares in the 2nd quarter worth $106,000. SG Americas Securities LLC bought a new stake in Community West Bancshares in the 3rd quarter worth about $132,000. Bridgewealth Advisory Group LLC purchased a new stake in Community West Bancshares in the 2nd quarter valued at about $226,000. Mount Yale Investment Advisors LLC purchased a new stake in Community West Bancshares in the 2nd quarter valued at about $268,000. Finally, Rhumbline Advisers bought a new position in shares of Community West Bancshares during the 2nd quarter worth approximately $405,000. Institutional investors and hedge funds own 33.80% of the company's stock.

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.