Community West Bancshares (NASDAQ:CWBC) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Shares of Community West Bancshares (NASDAQ:CWBC - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.31 and traded as high as $21.67. Community West Bancshares shares last traded at $21.50, with a volume of 34,276 shares changing hands.

Wall Street Analyst Weigh In

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

Community West Bancshares Trading Down 0.5 %

The business has a fifty day moving average price of $20.08 and a 200-day moving average price of $19.34. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a market cap of $407.43 million, a P/E ratio of 32.58 and a beta of 0.90.

Community West Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, November 8th. Community West Bancshares's dividend payout ratio (DPR) is 72.73%.

Insider Buying and Selling

In other Community West Bancshares news, Director Robert Bartlein acquired 2,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the transaction, the director now directly 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased 2,432 shares of company stock valued at $45,616 over the last 90 days. 11.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Community West Bancshares

A number of hedge funds have recently made changes to their positions in CWBC. Bfsg LLC acquired a new position in Community West Bancshares in the 2nd quarter valued at approximately $82,000. Acadian Asset Management LLC acquired a new position in shares of Community West Bancshares during the second quarter valued at about $106,000. SG Americas Securities LLC acquired a new stake in shares of Community West Bancshares in the 3rd quarter valued at about $132,000. Bridgewealth Advisory Group LLC bought a new stake in Community West Bancshares in the 2nd quarter valued at about $226,000. Finally, Private Wealth Advisors LLC acquired a new position in shares of Community West Bancshares during the second quarter worth approximately $267,000. 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.