Community West Bancshares (NASDAQ:CWBC) Director Acquires $18,800.00 in Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost of $18.80 per share, for a total transaction of $18,800.00. Following the acquisition, the director now owns 434,876 shares of the company’s stock, valued at approximately $8,175,668.80. This trade represents a 0.23 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Community West Bancshares Stock Down 1.2 %

CWBC opened at $18.69 on Friday. The stock has a market cap of $354.10 million, a PE ratio of 35.94 and a beta of 0.91. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a 52 week low of $15.50 and a 52 week high of $24.47. The business’s fifty day simple moving average is $19.16 and its 200 day simple moving average is $19.60.

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

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.57%. Community West Bancshares’s dividend payout ratio (DPR) is currently 92.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Spire Wealth Management bought a new position in shares of Community West Bancshares during the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC grew its stake in shares of Community West Bancshares by 33.8% during 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 last quarter. US Bancorp DE bought a new position in shares of Community West Bancshares during the fourth quarter valued at about $56,000. BNP Paribas Financial Markets grew its stake 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 valued at $89,000 after buying an additional 1,041 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Community West Bancshares during the third quarter valued at about $132,000. 33.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CWBC. StockNews.com raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. DA Davidson decreased their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their target price on 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.

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.