Martin E. Plourd Sells 7,732 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) President Martin E. Plourd sold 7,732 shares of Community West Bancshares stock in a transaction on Friday, February 7th. The shares were sold at an average price of $19.26, for a total value of $148,918.32. Following the completion of the sale, the president now owns 82,737 shares in the company, valued at $1,593,514.62. This represents a 8.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Community West Bancshares Price Performance

CWBC stock opened at $18.96 on Thursday. The business’s fifty day moving average price is $19.60 and its 200 day moving average price is $19.65. Community West Bancshares has a 12-month low of $15.50 and a 12-month high of $24.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $359.29 million, a PE ratio of 36.46 and a beta of 0.91.

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 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%. On average, sell-side 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 will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, February 7th. Community West Bancshares’s dividend payout ratio is currently 92.31%.

Institutional Trading of Community West Bancshares

Several hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. purchased a new stake in Community West Bancshares during the 4th quarter worth about $435,000. Potentia Wealth acquired a new position in shares of Community West Bancshares during the fourth quarter worth about $254,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Community West Bancshares during the fourth quarter worth approximately $725,000. Victory Capital Management Inc. raised its holdings in Community West Bancshares by 24.1% in the fourth quarter. Victory Capital Management Inc. now owns 54,600 shares of the financial services provider’s stock valued at $1,058,000 after acquiring an additional 10,600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Community West Bancshares by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 48,419 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 1,623 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CWBC. DA Davidson cut their price objective on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 27th. StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price objective 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.

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.