Community West Bancshares (NASDAQ:CWBC) Director Acquires $17,150.00 in Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein bought 1,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average cost of $17.15 per share, for a total transaction of $17,150.00. Following the completion of the purchase, the director now directly owns 429,056 shares of the company’s stock, valued at $7,358,310.40. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Community West Bancshares Trading Down 0.3 %

Shares of CWBC stock opened at $17.40 on Friday. The business has a 50-day moving average of $16.52 and a 200 day moving average of $15.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.65 and a quick ratio of 0.65. Community West Bancshares has a 1-year low of $12.59 and a 1-year high of $24.47. The stock has a market capitalization of $155.03 million, a PE ratio of 9.21 and a beta of 0.88.

Community West Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Community West Bancshares’s previous quarterly dividend of $0.08. Community West Bancshares’s dividend payout ratio is 25.40%.

Institutional Trading of Community West Bancshares

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP increased its position in Community West Bancshares (NASDAQ:CWBC) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,475 shares of the financial services provider’s stock after purchasing an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned approximately 0.20% of Community West Bancshares worth $304,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analyst Ratings Changes

CWBC has been the topic of a number of research reports. Piper Sandler raised their price objective on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, April 15th. StockNews.com raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods cut their price objective on shares of Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Monday, April 22nd. Finally, TheStreet lowered shares of Community West Bancshares from a “b-” rating to a “c+” rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.