Insider Buying: Kirk Stovesand Buys 1,000 Shares of Community West Bancshares Stock (CWBC)
Community West Bancshares (NASDAQ:CWBC) Director Kirk Stovesand bought 1,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $6.70 per share, with a total value of $6,700.00. Following the transaction, the director now directly owns 35,000 shares in the company, valued at approximately $234,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Community West Bancshares (NASDAQ:CWBC) traded down 2.23% on Monday, hitting $6.59. The stock had a trading volume of 23,277 shares. Community West Bancshares has a 52-week low of $5.35 and a 52-week high of $8.30. The stock’s 50-day moving average is $6.64 and its 200-day moving average is $6.90. The company has a market cap of $54.0 million and a price-to-earnings ratio of 7.09.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Monday, August 4th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, July 31st.
Community West Bancshares (NASDAQ:CWBC) is a bank holding company.
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