Insider Buying: Community West Bancshares (NASDAQ:CWBC) Director Acquires 1,000 Shares of Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein purchased 1,000 shares of Community West Bancshares stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $18.50 per share, for a total transaction of $18,500.00. Following the transaction, the director now owns 435,876 shares in the company, valued at $8,063,706. This represents a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

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

Community West Bancshares Trading Down 0.4 %

Shares of NASDAQ:CWBC traded down $0.07 during midday trading on Thursday, hitting $18.52. The company had a trading volume of 28,952 shares, compared to its average volume of 51,041. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a 12 month low of $14.52 and a 12 month high of $24.47. The firm has a fifty day simple moving average of $18.98 and a 200 day simple moving average of $19.61. The stock has a market cap of $350.88 million, a price-to-earnings ratio of 35.62 and a beta of 0.91.

Community West Bancshares (NASDAQ:CWBC) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) 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%. On average, analysts predict that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 annualized dividend and a yield of 2.59%. Community West Bancshares’s dividend payout ratio is presently 92.31%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Community West Bancshares

Several large investors have recently modified their holdings of the business. Spire Wealth Management acquired a new position in shares of Community West Bancshares in the 4th quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its holdings in shares of Community West Bancshares by 33.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider’s stock valued at $41,000 after buying an additional 529 shares during the period. US Bancorp DE bought a new stake in shares of Community West Bancshares during the fourth quarter worth $56,000. BNP Paribas Financial Markets raised its holdings in shares of Community West Bancshares by 29.2% during the fourth quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 1,041 shares during the period. Finally, Forum Financial Management LP bought a new stake in Community West Bancshares in the 4th quarter valued at $245,000. 33.80% of the stock is currently owned by 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.