Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein Buys 2,000 Shares

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein purchased 2,000 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 433,876 shares of the company’s stock, valued at $8,135,175. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Community West Bancshares Stock Performance

Shares of CWBC opened at $18.61 on Friday. The firm has a market cap of $352.47 million, a PE ratio of 28.20 and a beta of 0.86. The stock’s fifty day moving average price is $19.33 and its two-hundred day moving average price is $18.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.80 and a quick ratio of 0.80. Community West Bancshares has a 1 year low of $15.50 and a 1 year high of $24.47.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, November 8th. Community West Bancshares’s dividend payout ratio (DPR) is presently 72.73%.

Analyst Ratings Changes

Several brokerages have issued reports on CWBC. StockNews.com lowered Community West Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, July 25th. Piper Sandler boosted their target price on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Community West Bancshares has a consensus rating of “Hold” and an average price target of $20.33.

Hedge Funds Weigh In On Community West Bancshares

Several hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Community West Bancshares in the third quarter valued at $132,000. Systematic Financial Management LP purchased a new position in shares of Community West Bancshares in the second quarter valued at $4,842,000. The Manufacturers Life Insurance Company grew its position in shares of Community West Bancshares by 198.0% in the second quarter. The Manufacturers Life Insurance Company now owns 365,965 shares of the financial services provider’s stock valued at $6,770,000 after purchasing an additional 243,165 shares in the last quarter. Bridgewealth Advisory Group LLC purchased a new position in shares of Community West Bancshares in the second quarter valued at $226,000. Finally, Mount Yale Investment Advisors LLC bought a new position in Community West Bancshares during the 2nd quarter valued at approximately $268,000. 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.