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

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

Community West Bancshares Price Performance

CWBC stock opened at $18.87 on Friday. Community West Bancshares has a 1 year low of $15.50 and a 1 year high of $24.47. The company has a market cap of $357.51 million, a P/E ratio of 28.59 and a beta of 0.92. The firm has a 50-day moving average of $20.20 and a 200 day moving average of $19.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

Insider Activity

In other news, Director Robert Bartlein purchased 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director now directly owns 433,876 shares in the company, valued at $8,135,175. This represents a 0.46 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven D. Mcdonald sold 9,155 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $21.51, for a total value of $196,924.05. Following the sale, the director now owns 317,391 shares in the company, valued at approximately $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 bought a total of 2,432 shares of company stock worth $45,616 in the last quarter. 11.15% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.