Community West Bancshares (NASDAQ:CWBC) Director Buys $17,860.00 in Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein acquired 1,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $17.86 per share, with a total value of $17,860.00. Following the completion of the transaction, the director now owns 436,876 shares in the company, valued at approximately $7,802,605.36. This represents a 0.23 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Robert Bartlein also recently made the following trade(s):

• On Thursday, March 6th, Robert Bartlein acquired 1,000 shares of Community West Bancshares stock. The shares were acquired at an average cost of $18.50 per share, with a total value of $18,500.00.
• On Thursday, February 20th, Robert Bartlein acquired 1,000 shares of Community West Bancshares stock. The shares were acquired at an average cost of $18.80 per share, with a total value of $18,800.00.

Community West Bancshares Stock Up 1.1 %

Community West Bancshares stock opened at $18.00 on Friday. Community West Bancshares has a fifty-two week low of $14.52 and a fifty-two week high of $24.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $341.03 million, a P/E ratio of 34.62 and a beta of 0.91. The stock has a 50-day simple moving average of $18.80 and a 200-day simple moving average of $19.53.

Community West Bancshares (NASDAQ:CWBC) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. Equities research analysts expect that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.67%. The ex-dividend date was Friday, February 7th. Community West Bancshares’s dividend payout ratio is presently 92.31%.

Wall Street Analyst Weigh In

CWBC has been the subject of several analyst reports. DA Davidson lowered their price objective on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods lowered their price objective on Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday, January 24th. Finally, StockNews.com raised Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Institutional Trading of Community West Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWBC. Spire Wealth Management purchased a new stake in Community West Bancshares during the 4th quarter valued at approximately $27,000. Tower Research Capital LLC TRC raised its stake in Community West Bancshares by 33.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 529 shares during the last quarter. US Bancorp DE purchased a new stake in Community West Bancshares during the 4th quarter valued at approximately $56,000. BNP Paribas Financial Markets raised its stake in Community West Bancshares by 29.2% during the 4th quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Forum Financial Management LP purchased a new stake in Community West Bancshares during the 4th quarter valued at approximately $245,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

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.