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

Community West Bancshares (NASDAQ:CWBC - Get Free Report) President Martin E. Plourd sold 7,732 shares of the 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 transaction, the president now directly owns 82,737 shares in the company, valued at $1,593,514.62. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Community West Bancshares Stock Performance

Shares of NASDAQ:CWBC traded up $0.11 during midday trading on Friday, hitting $19.06. The company had a trading volume of 24,295 shares, compared to its average volume of 44,763. 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 market cap of $361.19 million, a price-to-earnings ratio of 36.65 and a beta of 0.91. Community West Bancshares has a 12-month low of $15.50 and a 12-month high of $24.47. The company has a fifty day moving average of $19.48 and a two-hundred day moving average of $19.64.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 EPS 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%. On average, equities research analysts expect that Community West Bancshares will post 2.15 EPS for the current fiscal year.

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Community West Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. Community West Bancshares's payout ratio is presently 92.31%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target on 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. StockNews.com raised Community West Bancshares from a "sell" rating to a "hold" rating in a report on Monday, January 27th. Finally, DA Davidson lowered their price target on Community West Bancshares from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, January 27th.

Institutional Investors Weigh In On Community West Bancshares

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. purchased a new stake in Community West Bancshares in the 3rd quarter worth $847,000. Barclays PLC increased its stake in Community West Bancshares by 228.5% in the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider's stock worth $424,000 after buying an additional 15,343 shares in the last quarter. State Street Corp increased its stake in 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 buying an additional 28,695 shares in the last quarter. Systematic Financial Management LP increased its stake in Community West Bancshares by 11.9% in the 3rd quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider's stock worth $5,640,000 after buying an additional 31,075 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of Community West Bancshares by 5.4% during the third quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider's stock valued at $1,473,000 after purchasing an additional 3,886 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company's stock.

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.