Community West Bancshares (NASDAQ:CWBC) Director Buys $17,860.00 in Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein acquired 1,000 shares of Community West Bancshares stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $17.86 per share, for a total transaction of $17,860.00. Following the transaction, the director now owns 436,876 shares of the company’s stock, valued at $7,802,605.36. This represents a 0.23 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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, for a total transaction 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, for a total transaction of $18,800.00.

Community West Bancshares Price Performance

NASDAQ:CWBC opened at $18.00 on Friday. 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 capitalization of $341.03 million, a P/E ratio of 34.62 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. The stock’s fifty day moving average is $18.80 and its two-hundred day moving average is $19.53.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share (EPS) 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 analysts expect that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.12 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.67%. Community West Bancshares’s dividend payout ratio is presently 92.31%.

Institutional Investors Weigh In On Community West Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the company. PL Capital Advisors LLC raised its holdings in shares of Community West Bancshares by 1,837.0% in 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 during the period. Fourthstone LLC grew its stake in Community West Bancshares by 8.7% during the 3rd quarter. Fourthstone LLC now owns 1,868,778 shares of the financial services provider’s stock worth $35,993,000 after purchasing an additional 149,506 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Community West Bancshares by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 689,624 shares of the financial services provider’s stock worth $13,358,000 after purchasing an additional 35,509 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 worth $7,499,000 after purchasing an additional 24,294 shares in the last quarter. Finally, Systematic Financial Management LP grew its stake in Community West Bancshares by 2.5% during the 4th quarter. Systematic Financial Management LP now owns 300,035 shares of the financial services provider’s stock worth $5,812,000 after purchasing an additional 7,225 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Analyst Ratings Changes

CWBC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price 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. StockNews.com upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, DA Davidson reduced their target price 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.

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.