Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein Acquires 2,001 Shares

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein acquired 2,001 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average price of $17.19 per share, with a total value of $34,397.19. Following the completion of the transaction, the director now directly owns 440,877 shares in the company, valued at approximately $7,578,675.63. The trade was a 0.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, April 24th, Robert Bartlein acquired 1,000 shares of Community West Bancshares stock. The shares were bought at an average price of $17.02 per share, with a total value of $17,020.00.
• On Thursday, March 13th, Robert Bartlein acquired 1,000 shares of Community West Bancshares stock. The shares were bought at an average price 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 shares were bought at an average price of $18.50 per share, with a total value of $18,500.00.
• On Thursday, February 20th, Robert Bartlein acquired 1,000 shares of Community West Bancshares stock. The shares were bought at an average price of $18.80 per share, with a total value of $18,800.00.

Community West Bancshares Stock Performance

Community West Bancshares stock opened at $17.36 on Tuesday. The stock’s 50-day moving average is $17.69 and its 200-day moving average is $19.01. The company has a market cap of $330.90 million, a price-to-earnings ratio of 33.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $22.89.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The firm had revenue of $34.79 million during the quarter, compared to analysts’ expectations of $35.05 million. 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 will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.76%. Community West Bancshares’s dividend payout ratio (DPR) is 73.85%.

Analyst Ratings Changes

CWBC has been the topic of a number of recent analyst reports. DA Davidson reduced their price target on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods reduced their target price on Community West Bancshares from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. StockNews.com upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Piper Sandler reduced their target price on Community West Bancshares from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd.

Hedge Funds Weigh In On Community West Bancshares

A number of large investors have recently modified their holdings of CWBC. State Street Corp raised its holdings in shares of Community West Bancshares by 12.9% in the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after purchasing an additional 28,695 shares during the period. Barclays PLC raised its holdings in shares of Community West Bancshares by 228.5% during the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock valued at $424,000 after buying an additional 15,343 shares during the period. Geode Capital Management LLC raised its holdings in shares of Community West Bancshares by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider’s stock valued at $7,499,000 after buying an additional 24,294 shares during the period. Spire Wealth Management purchased a new stake in shares of Community West Bancshares during the 4th quarter valued at about $27,000. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Community West Bancshares by 7.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider’s stock valued at $463,000 after buying an additional 1,598 shares during the period. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

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.