Community West Bancshares (NASDAQ:CWBC) Stock Passes Above 200-Day Moving Average – Here’s Why

Community West Bancshares (NASDAQ:CWBC) shares crossed 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 traded.

Wall Street Analysts Forecast Growth

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

Community West Bancshares Trading Down 0.5 %

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $20.01 and a 200-day simple moving average of $19.31. The company has a market capitalization of $407.43 million, a PE ratio of 32.58 and a beta of 0.90.

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued 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 payout ratio is currently 72.73%.

Insider Transactions at Community West Bancshares

In other Community West Bancshares news, Director Robert Bartlein purchased 2,000 shares of the stock in a transaction dated 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 acquisition, the director now owns 433,876 shares in the company, valued at $8,135,175. This trade represents a 0.46 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders acquired 2,432 shares of company stock worth $45,616. 11.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Community West Bancshares

A number of hedge funds have recently modified their holdings of the business. Empowered Funds LLC grew its holdings in shares of Community West Bancshares by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 3,886 shares during the period. Bfsg LLC acquired a new position in Community West Bancshares during the 2nd quarter worth about $82,000. Acadian Asset Management LLC acquired a new position in Community West Bancshares during the 2nd quarter worth about $106,000. SG Americas Securities LLC acquired a new position in Community West Bancshares during the 3rd quarter worth about $132,000. Finally, Bridgewealth Advisory Group LLC acquired a new position in Community West Bancshares during the 2nd quarter worth about $226,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

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.