Community West Bancshares (NASDAQ:CWBC) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Community West Bancshares (NASDAQ:CWBC) shares crossed 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.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of 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 Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The company has a fifty day moving average price of $20.36 and a two-hundred day moving average price of $19.54. The company has a market cap of $367.55 million, a P/E ratio of 29.39 and a beta of 0.90.

Community West Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.47%. Community West Bancshares’s dividend payout ratio is 72.73%.

Insider Transactions at Community West Bancshares

In other news, Director Steven D. Mcdonald sold 1,860 shares of Community West Bancshares stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.51, for a total value of $40,008.60. Following the completion of the transaction, the director now owns 315,531 shares of the company’s stock, valued at $6,787,071.81. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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, with a total value of $37,500.00. Following the completion of the purchase, the director now directly owns 433,876 shares in the company, valued at $8,135,175. The trade was a 0.46 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,432 shares of company stock worth $45,616 in the last 90 days. Corporate insiders own 11.15% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Systematic Financial Management LP acquired a new stake in Community West Bancshares during the 2nd quarter valued at $4,842,000. Victory Capital Management Inc. acquired a new stake in shares of Community West Bancshares during the 3rd quarter worth about $847,000. Private Management Group Inc. boosted its holdings in shares of Community West Bancshares by 5.3% during the 2nd quarter. Private Management Group Inc. now owns 557,479 shares of the financial services provider’s stock worth $10,313,000 after buying an additional 27,967 shares during the period. Bank of New York Mellon Corp acquired a new position in Community West Bancshares in the 2nd quarter valued at about $1,770,000. Finally, LSV Asset Management bought a new position in Community West Bancshares in the 2nd quarter valued at about $1,507,000. 33.80% of the stock is owned by institutional investors and hedge funds.

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.