Community West Bancshares (NASDAQ:CWBC) Director Acquires $118,677.60 in Stock

Key Points

• Director Jagroop Gill purchased 4,770 shares of Community West Bancshares at $24.88 each, investing $118,677.60 and increasing direct ownership to 588,067 shares.
• Community West Bancshares shares fell 1.2% to $24.90 during Monday trading. The company recently reported quarterly EPS of $0.45, beating the $0.30 consensus estimate, while revenue of $54.30 million came in slightly below expectations.
• The bank declared a quarterly dividend of $0.12 per share, equivalent to an annualized $0.48 payout and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $28.17.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) Director Jagroop Gill purchased 4,770 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $24.88 per share, with a total value of $118,677.60. Following the purchase, the director directly owned 588,067 shares of the company's stock, valued at $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Community West Bancshares Trading Down 1.2%

NASDAQ CWBC traded down $0.30 during trading on Monday, hitting $24.90. The company had a trading volume of 197,674 shares, compared to its average volume of 251,557. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. Community West Bancshares has a one year low of $18.77 and a one year high of $28.17. The company has a market cap of $675.64 million, a price-to-earnings ratio of 13.46 and a beta of 0.80. The company's fifty day moving average is $25.95 and its 200-day moving average is $24.48.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.30 by $0.15. Community West Bancshares had a net margin of 16.86% and a return on equity of 11.35%. The business had revenue of $54.30 million during the quarter, compared to analyst estimates of $55.65 million. On average, sell-side analysts predict that Community West Bancshares will post 2.38 earnings per share for the current year.

Community West Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 7th. Community West Bancshares's payout ratio is currently 25.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Community West Bancshares in a report on Friday, July 10th. DA Davidson restated a "buy" rating and issued a $29.00 price objective on shares of Community West Bancshares in a report on Tuesday, April 28th. Wall Street Zen raised Community West Bancshares from a "sell" rating to a "hold" rating in a research report on Sunday, May 17th. Finally, Piper Sandler increased their target price on Community West Bancshares from $30.00 to $30.50 and gave the company an "overweight" rating in a research note on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.17.

Institutional Trading of Community West Bancshares

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Community West Bancshares during the 2nd quarter valued at $64,110,000. Systematic Financial Management LP boosted its stake in shares of Community West Bancshares by 34.1% in the 4th quarter. Systematic Financial Management LP now owns 411,859 shares of the financial services provider's stock worth $9,267,000 after buying an additional 104,779 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Community West Bancshares in the 2nd quarter worth $2,601,000. Renaissance Technologies LLC grew its holdings in shares of Community West Bancshares by 85.5% in the fourth quarter. Renaissance Technologies LLC now owns 167,008 shares of the financial services provider's stock worth $3,758,000 after acquiring an additional 77,000 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Community West Bancshares by 418.3% in the third quarter. First Trust Advisors LP now owns 63,054 shares of the financial services provider's stock worth $1,314,000 after acquiring an additional 50,889 shares during the period. 33.80% of the stock is currently owned by institutional investors.

About Community West Bancshares

Community West Bancshares, Inc is the bank holding company for Community West Bank, headquartered in Goleta, California. Through its wholly owned subsidiary, the company offers a full suite of commercial and consumer banking services. Community West Bancshares focuses on providing personalized financial solutions to small and mid-sized businesses, professional practices, and individual customers in its service area.

The company's product portfolio includes a variety of deposit accounts—such as business checking, savings and money market accounts—along with online and mobile banking capabilities.

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