Community West Bancshares (NASDAQ:CWBC) CEO James J. Kim Purchases 1,600 Shares

Community West Bancshares (NASDAQ:CWBC) CEO James J. Kim bought 1,600 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the acquisition, the chief executive officer now directly owns 60,178 shares in the company, valued at approximately $1,044,690.08. This represents a 2.73 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Community West Bancshares Stock Down 0.9 %

CWBC stock opened at $18.59 on Thursday. The firm has a market capitalization of $352.21 million, a P/E ratio of 35.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $19.61. Community West Bancshares has a 52-week low of $14.52 and a 52-week high of $24.47.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts anticipate that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 annualized dividend and a yield of 2.58%. Community West Bancshares’s dividend payout ratio is presently 92.31%.

Analyst Ratings Changes

CWBC has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. DA Davidson cut 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 cut 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 report on Friday, January 24th.

Institutional Trading of Community West Bancshares

Several large investors have recently added to or reduced their stakes in CWBC. PL Capital Advisors LLC grew its position in Community West Bancshares by 1,837.0% in the fourth quarter. PL Capital Advisors LLC now owns 8,242,923 shares of the financial services provider’s stock worth $159,665,000 after acquiring an additional 7,817,372 shares in the last quarter. Fourthstone LLC grew its position in Community West Bancshares by 8.7% in the third quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock worth $35,993,000 after acquiring an additional 149,506 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Community West Bancshares in the third quarter worth approximately $847,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Community West Bancshares in the fourth quarter worth approximately $725,000. Finally, Dimensional Fund Advisors LP grew its position in Community West Bancshares by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 689,624 shares of the financial services provider’s stock worth $13,358,000 after acquiring an additional 35,509 shares in the last quarter. 33.80% of the stock is owned by institutional investors.

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.