Insider Buying: Community West Bancshares (NASDAQ:CWBC) CEO Purchases 1,600 Shares of Stock

Community West Bancshares (NASDAQ:CWBC) CEO James J. Kim purchased 1,600 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was bought at an average price of $17.36 per share, with a total value of $27,776.00. Following the acquisition, the chief executive officer now owns 60,178 shares in the company, valued at $1,044,690.08. This trade represents a 2.73 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Community West Bancshares Stock Down 0.8 %

Shares of Community West Bancshares stock traded down $0.16 on Tuesday, hitting $19.00. 38,052 shares of the company’s stock traded hands, compared to its average volume of 50,623. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average is $19.01 and its 200 day moving average is $19.63. The stock has a market cap of $359.97 million, a P/E ratio of 36.54 and a beta of 0.91. 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 announced 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 return on equity of 7.90% and a net margin of 4.59%. Equities analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Friday, February 7th. Community West Bancshares’s dividend payout ratio is currently 92.31%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Spire Wealth Management bought a new stake in shares of Community West Bancshares in the 4th quarter valued at approximately $27,000. Tower Research Capital LLC TRC increased its stake in 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 purchasing an additional 529 shares during the last quarter. US Bancorp DE bought a new stake in Community West Bancshares during the fourth quarter valued at $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 purchasing an additional 1,041 shares during the period. Finally, Forum Financial Management LP bought a new position in shares of Community West Bancshares in the 4th quarter worth about $245,000. Institutional investors own 33.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CWBC shares. Keefe, Bruyette & Woods decreased their target price on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Friday, January 24th. StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, DA Davidson lowered their target price on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, January 27th.

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.