Insider Buying: Community West Bancshares (NASDAQ:CWBC) Director Acquires 1,000 Shares of Stock

Community West Bancshares (NASDAQ:CWBC - Get Free Report) Director Robert Bartlein bought 1,000 shares of Community West Bancshares stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $17.86 per share, for a total transaction of $17,860.00. Following the completion of the transaction, the director now directly owns 436,876 shares in the company, valued at $7,802,605.36. This represents a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, March 6th, Robert Bartlein bought 1,000 shares of Community West Bancshares stock. The stock was 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

Shares of CWBC traded up $0.06 during mid-day trading on Monday, reaching $18.06. The company had a trading volume of 45,461 shares, compared to its average volume of 52,560. The stock has a 50 day moving average of $18.80 and a two-hundred day moving average of $19.53. 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 stock has a market capitalization of $342.16 million, a P/E ratio of 34.73 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.

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Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted 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, analysts expect that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Friday, February 7th. Community West Bancshares's dividend payout ratio (DPR) is presently 92.31%.

Hedge Funds Weigh In On Community West Bancshares

A number of hedge funds have recently bought and sold shares of the business. Spire Wealth Management purchased a new stake in Community West Bancshares in the 4th quarter worth $27,000. Tower Research Capital LLC TRC raised its position in shares of Community West Bancshares by 33.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider's stock worth $41,000 after purchasing an additional 529 shares during the last quarter. US Bancorp DE purchased a new position in Community West Bancshares in the 4th quarter valued at about $56,000. BNP Paribas Financial Markets boosted its holdings in Community West Bancshares by 29.2% in the 4th quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider's stock worth $89,000 after buying an additional 1,041 shares during the last quarter. Finally, Forum Financial Management LP purchased a new stake in Community West Bancshares during the 4th quarter worth approximately $245,000. Hedge funds and other institutional investors own 33.80% of the company's stock.

Analyst Ratings Changes

CWBC has been the subject of a number of research reports. Keefe, Bruyette & Woods lowered their price target on Community West Bancshares from $24.00 to $22.00 and set a "market perform" rating for the company in a research report 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 decreased their price objective on shares of 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.