Community West Bancshares (NASDAQ:CWBC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Community West Bancshares (NASDAQ:CWBC) crossed 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.

Wall Street Analysts Forecast Growth

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

Community West Bancshares Price Performance

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 company has a fifty day simple moving average of $20.08 and a two-hundred day simple moving average of $19.36. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19.

Community West Bancshares Announces Dividend

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

Insider Activity

In other news, Director Robert Bartlein acquired 2,000 shares of Community West Bancshares stock in a transaction that occurred on Friday, November 1st. The shares were acquired 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 owns 433,876 shares of the company’s stock, valued at approximately $8,135,175. This represents a 0.46 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 2,432 shares of company stock worth $45,616 over the last three months. 11.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Community West Bancshares

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