Community West Bancshares (NASDAQ:CWBC) Posts Earnings Results, Misses Expectations By $0.07 EPS

Community West Bancshares (NASDAQ:CWBC) posted its quarterly earnings data on Thursday. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07), Zacks reports. Community West Bancshares had a net margin of 4.53% and a return on equity of 8.14%.

Community West Bancshares Stock Up 0.4 %

Shares of NASDAQ:CWBC opened at $18.87 on Friday. The firm has a market capitalization of $357.51 million, a PE ratio of 28.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47. The firm has a fifty day moving average of $20.20 and a 200 day moving average of $19.73.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Community West Bancshares

In other Community West Bancshares news, Director Robert Bartlein bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the transaction, the director now directly owns 433,876 shares in the company, valued at $8,135,175. This trade represents a 0.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven D. Mcdonald sold 9,155 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $21.51, for a total transaction of $196,924.05. Following the completion of the sale, the director now directly owns 317,391 shares of the company’s stock, valued at $6,827,080.41. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 2,432 shares of company stock worth $45,616 over the last 90 days. Corporate insiders own 11.15% 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.