Community West Bancshares (NASDAQ:CWBC) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Community West Bancshares (NASDAQ:CWBC) 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.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective on 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 quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $20.08 and its 200 day simple moving average is $19.36. The company has a market cap of $407.43 million, a price-to-earnings ratio of 32.58 and a beta of 0.90.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, November 8th. Community West Bancshares’s dividend payout ratio is currently 72.73%.

Insider Activity at Community West Bancshares

In other news, Director Robert Bartlein purchased 2,000 shares of the stock in a transaction on Friday, November 1st. The stock was bought at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the acquisition, the director now directly owns 433,876 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders purchased 2,432 shares of company stock worth $45,616. Company insiders own 11.15% of the company’s stock.

Institutional Trading of Community West Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its stake in Community West Bancshares by 228.5% during the third quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 15,343 shares during the last quarter. Geode Capital Management LLC raised its position in Community West Bancshares by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock valued at $7,499,000 after purchasing an additional 24,294 shares during the last quarter. State Street Corp grew its position in Community West Bancshares by 12.9% during the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after purchasing an additional 28,695 shares during the last quarter. Systematic Financial Management LP increased its stake in Community West Bancshares by 11.9% in the third quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider’s stock valued at $5,640,000 after purchasing an additional 31,075 shares during the period. Finally, Fourthstone LLC boosted its stake in shares of Community West Bancshares by 8.7% during the third quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock worth $35,993,000 after buying an additional 149,506 shares during the period. 33.80% of the stock is currently owned by institutional investors and hedge funds.

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.