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

Shares of Community West Bancshares (NASDAQ:CWBC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Community West Bancshares Stock Down 0.5 %

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 market cap of $407.43 million, a price-to-earnings ratio of 32.58 and a beta of 0.90. The business has a 50-day simple moving average of $20.01 and a 200-day simple moving average of $19.31.

Community West Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued 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 dividend yield of 2.23%. Community West Bancshares’s payout ratio is currently 72.73%.

Insider Activity

In other Community West Bancshares news, Director Robert Bartlein acquired 2,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price 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. The trade was a 0.46 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 2,432 shares of company stock worth $45,616. 11.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Empowered Funds LLC increased its holdings in shares of Community West Bancshares by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock valued at $1,473,000 after acquiring an additional 3,886 shares during the last quarter. Bfsg LLC purchased a new position in Community West Bancshares during the 2nd quarter worth approximately $82,000. Acadian Asset Management LLC purchased a new position in Community West Bancshares during the 2nd quarter worth approximately $106,000. SG Americas Securities LLC purchased a new position in Community West Bancshares during the 3rd quarter worth approximately $132,000. Finally, Bridgewealth Advisory Group LLC purchased a new position in Community West Bancshares during the 2nd quarter worth approximately $226,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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.