Robert Bartlein Acquires 1,000 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $17.15 per share, with a total value of $17,150.00. Following the completion of the acquisition, the director now owns 429,056 shares in the company, valued at $7,358,310.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Community West Bancshares Trading Down 0.3 %

Community West Bancshares stock opened at $17.40 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Community West Bancshares has a 12-month low of $12.59 and a 12-month high of $24.47. The firm has a market capitalization of $155.03 million, a price-to-earnings ratio of 9.21 and a beta of 0.88. The firm has a 50 day moving average of $16.52 and a 200 day moving average of $15.40.

Community West Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.76%. This is an increase from Community West Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 2nd. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.40%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP raised its holdings in shares of Community West Bancshares (NASDAQ:CWBC) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,475 shares of the financial services provider’s stock after acquiring an additional 1,417 shares during the quarter. Black Maple Capital Management LP owned approximately 0.20% of Community West Bancshares worth $304,000 as of its most recent SEC filing. 33.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CWBC. Keefe, Bruyette & Woods decreased their price target 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. Piper Sandler boosted their target price on Community West Bancshares from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, TheStreet cut Community West Bancshares from a “b-” rating to a “c+” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.