Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein Purchases 1,000 Shares

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein acquired 1,000 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were bought at an average cost of $17.02 per share, for a total transaction of $17,020.00. Following the completion of the acquisition, the director now directly owns 437,876 shares of the company’s stock, valued at approximately $7,452,649.52. The trade was a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Bartlein also recently made the following trade(s):

• On Thursday, March 13th, Robert Bartlein purchased 1,000 shares of Community West Bancshares stock. The shares were purchased at an average cost of $17.86 per share, with a total value of $17,860.00.
• On Thursday, March 6th, Robert Bartlein acquired 1,000 shares of Community West Bancshares stock. The stock was purchased at an average cost of $18.50 per share, for a total transaction of $18,500.00.
• On Thursday, February 20th, Robert Bartlein bought 1,000 shares of Community West Bancshares stock. The shares were purchased at an average cost of $18.80 per share, with a total value of $18,800.00.

Community West Bancshares Price Performance

NASDAQ:CWBC opened at $17.38 on Friday. 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 has a 50 day moving average price of $17.76 and a 200-day moving average price of $19.01. Community West Bancshares has a 1-year low of $15.57 and a 1-year high of $22.89. The firm has a market cap of $331.28 million, a price-to-earnings ratio of 33.42 and a beta of 0.78.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. The firm had revenue of $34.79 million during the quarter, compared to analysts’ expectations of $35.05 million. Equities research analysts forecast that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.76%. Community West Bancshares’s dividend payout ratio is currently 92.31%.

Institutional Trading of Community West Bancshares

Institutional investors have recently bought and sold shares of the business. PL Capital Advisors LLC lifted its position in shares of Community West Bancshares by 1,837.0% during the 4th quarter. PL Capital Advisors LLC now owns 8,242,923 shares of the financial services provider’s stock valued at $159,665,000 after buying an additional 7,817,372 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Community West Bancshares during the fourth quarter worth $725,000. Dimensional Fund Advisors LP lifted its holdings in Community West Bancshares by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 689,624 shares of the financial services provider’s stock valued at $13,358,000 after purchasing an additional 35,509 shares in the last quarter. State Street Corp grew its position in shares of Community West Bancshares by 12.9% in the third quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock valued at $4,852,000 after purchasing an additional 28,695 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Community West Bancshares by 6.7% during the third quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock worth $7,499,000 after purchasing an additional 24,294 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Community West Bancshares from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods reduced their target price on shares of Community West Bancshares from $21.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday. DA Davidson lowered 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, StockNews.com upgraded Community West Bancshares from a “sell” rating to a “hold” rating 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.