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

Community West Bancshares (NASDAQ:CWBC - Get Free Report) CEO James J. Kim bought 1,600 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the transaction, the chief executive officer now directly owns 60,178 shares in the company, valued at approximately $1,044,690.08. This trade represents a 2.73 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Community West Bancshares Stock Down 0.2 %

Shares of Community West Bancshares stock traded down $0.04 during trading hours on Friday, hitting $18.47. 50,984 shares of the company's stock traded hands, compared to its average volume of 51,649. The stock has a 50 day simple moving average of $18.93 and a 200-day simple moving average of $19.60. 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 company has a market cap of $349.93 million, a PE ratio of 35.52 and a beta of 0.91. Community West Bancshares has a twelve month low of $14.52 and a twelve month high of $24.47.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced 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%. Equities research analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

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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 paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.60%. Community West Bancshares's dividend payout ratio is presently 92.31%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. DA Davidson cut their price objective on Community West Bancshares from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. StockNews.com raised Community West Bancshares from a "sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods cut their price objective on Community West Bancshares from $24.00 to $22.00 and set a "market perform" rating on the stock in a research report on Friday, January 24th.

Institutional Trading of Community West Bancshares

Large investors have recently modified their holdings of the business. Spire Wealth Management acquired a new stake in shares of Community West Bancshares during the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC grew its stake in Community West Bancshares by 33.8% in the fourth 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 in the last quarter. US Bancorp DE acquired a new position in Community West Bancshares in the fourth quarter worth about $56,000. BNP Paribas Financial Markets grew its stake in Community West Bancshares by 29.2% in 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 in the last quarter. Finally, Forum Financial Management LP acquired a new position in Community West Bancshares in the fourth quarter worth about $245,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

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.