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

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of $18.80 per share, for a total transaction of $18,800.00. Following the completion of the transaction, the director now directly owns 434,876 shares in the company, valued at approximately $8,175,668.80. This trade represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Community West Bancshares Price Performance

Community West Bancshares stock traded down $0.06 during midday trading on Thursday, reaching $18.92. The company had a trading volume of 59,121 shares, compared to its average volume of 43,325. The company has a market capitalization of $358.53 million, a P/E ratio of 36.39 and a beta of 0.91. Community West Bancshares has a 12-month low of $15.50 and a 12-month high of $24.47. The firm’s fifty day simple moving average is $19.27 and its 200-day simple moving average is $19.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

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

Community West Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, February 7th. Community West Bancshares’s dividend payout ratio (DPR) is 92.31%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Forum Financial Management LP purchased a new position in Community West Bancshares in the 4th quarter worth approximately $245,000. Squarepoint Ops LLC purchased a new position in Community West Bancshares in the 4th quarter worth approximately $329,000. Two Sigma Investments LP lifted its stake in Community West Bancshares by 92.8% in the 4th quarter. Two Sigma Investments LP now owns 32,447 shares of the financial services provider’s stock worth $628,000 after purchasing an additional 15,616 shares in the last quarter. Systematic Financial Management LP lifted its stake in Community West Bancshares by 2.5% in the 4th quarter. Systematic Financial Management LP now owns 300,035 shares of the financial services provider’s stock worth $5,812,000 after purchasing an additional 7,225 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Community West Bancshares by 187.6% in the 4th quarter. Deutsche Bank AG now owns 17,254 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 11,254 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWBC has been the topic of a number of analyst reports. DA Davidson dropped their target price on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price target on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 27th.

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.