Community West Bancshares (NASDAQ:CWBC) Director Buys $17,150.00 in Stock

Community West Bancshares (NASDAQ:CWBC - Get Free Report) Director Robert Bartlein acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average cost of $17.15 per share, with a total value of $17,150.00. Following the purchase, the director now directly owns 429,056 shares of the company's stock, valued at approximately $7,358,310.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Community West Bancshares Trading Up 0.1 %

Shares of NASDAQ CWBC traded up $0.01 during midday trading on Thursday, reaching $17.45. The company had a trading volume of 37,003 shares, compared to its average volume of 43,314. Community West Bancshares has a one year low of $12.59 and a one year high of $24.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $16.40 and its 200-day moving average price is $15.35. The stock has a market cap of $155.48 million, a PE ratio of 9.23 and a beta of 0.88.

Community West Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, May 2nd. This is an increase from Community West Bancshares's previous quarterly dividend of $0.08. Community West Bancshares's payout ratio is currently 25.40%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Community West Bancshares stock. Black Maple Capital Management LP boosted its holdings in shares of Community West Bancshares (NASDAQ:CWBC - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,475 shares of the financial services provider's stock after purchasing an additional 1,417 shares during the period. Black Maple Capital Management LP owned about 0.20% of Community West Bancshares worth $304,000 at the end of the most recent reporting period. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CWBC shares. TheStreet lowered Community West Bancshares from a "b-" rating to a "c+" rating in a research note on Monday, January 29th. StockNews.com lowered Community West Bancshares from a "hold" rating to a "sell" rating in a research note on Monday, April 22nd. 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 Monday, April 15th. Finally, Keefe, Bruyette & Woods lowered their target price on Community West Bancshares from $23.00 to $22.00 and set a "market perform" rating for the company in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Community West Bancshares currently has a consensus rating of "Hold" and a consensus target price of $20.33.

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.