13-Dec-2024
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Business Wire (Thu, 24-Oct 4:00 PM ET)
Community West Bancshares is a California-based bank holding company whose principal business is to serve as the holding company for its wholly-owned subsidiary Community West Bank N.A. Through CWB, the Company provides a variety of financial products and full-service Banking Centers within California's Greater Sacramento, San Joaquin Valley, and Central Coast regions, that provide Commercial Lending, Real Estate, Agribusiness, Private Banking, and Cash Management Departments.
Community West Bancshares trades on the NASDAQ stock market under the symbol CWBC.
As of December 13, 2024, CWBC stock price declined to $21.50 with 34,234 million shares trading.
CWBC has a beta of 0.27, meaning it tends to be less sensitive to market movements. CWBC has a correlation of 0.01 to the broad based SPY ETF.
CWBC has a market cap of $407.20 million. This is considered a Small Cap stock.
In the last 3 years, CWBC traded as high as $24.47 and as low as $10.38.
The top ETF exchange traded funds that CWBC belongs to (by Net Assets): IWM, VTI, VXF, IWN, DFAT.
CWBC has outperformed the market in the last year with a return of +43.7%, while the SPY ETF gained +29.9%. However, in the most recent history, CWBC shares have underperformed the stock market with its stock returning +7.5% in the last 3 month period and -1.9% for the last 2 week period, while SPY has returned +7.8% and +0.3%, respectively.
CWBC support price is $21.23 and resistance is $21.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CWBC shares will trade within this expected range on the day.