Robert Bartlein Acquires 2,000 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC - Get Free Report) Director Robert Bartlein purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average cost of $18.75 per share, with a total value of $37,500.00. Following the transaction, the director now directly owns 433,876 shares of the company's stock, valued at $8,135,175. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Community West Bancshares Stock Down 0.7 %

NASDAQ CWBC traded down $0.13 during trading hours on Friday, hitting $18.61. The company had a trading volume of 26,371 shares, compared to its average volume of 48,616. The firm's 50 day moving average is $19.33 and its 200 day moving average is $18.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80. Community West Bancshares has a fifty-two week low of $15.50 and a fifty-two week high of $24.47. The company has a market capitalization of $352.47 million, a price-to-earnings ratio of 28.20 and a beta of 0.86.

Community West Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.58%. Community West Bancshares's payout ratio is currently 72.73%.

Hedge Funds Weigh In On Community West Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Management Group Inc. acquired a new position in Community West Bancshares in the 1st quarter worth $10,532,000. Dimensional Fund Advisors LP grew its stake in shares of Community West Bancshares by 284.8% during the second quarter. Dimensional Fund Advisors LP now owns 641,347 shares of the financial services provider's stock valued at $11,864,000 after acquiring an additional 474,671 shares in the last quarter. Systematic Financial Management LP purchased a new stake in shares of Community West Bancshares during the second quarter worth about $4,842,000. The Manufacturers Life Insurance Company lifted its stake in shares of Community West Bancshares by 198.0% in the second quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider's stock worth $6,770,000 after acquiring an additional 243,165 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Community West Bancshares in the second quarter valued at about $1,770,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CWBC has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Community West Bancshares from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. StockNews.com downgraded shares of Community West Bancshares from a "hold" rating to a "sell" rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $20.33.

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.