Insider Buying: Community West Bancshares (NASDAQ:CWBC) Director Buys 2,001 Shares of Stock

Community West Bancshares (NASDAQ:CWBC - Get Free Report) Director Robert Bartlein bought 2,001 shares of Community West Bancshares stock in a transaction dated Monday, April 28th. The shares were acquired at an average price of $17.19 per share, with a total value of $34,397.19. Following the completion of the purchase, the director now owns 440,877 shares in the company, valued at approximately $7,578,675.63. The trade was a 0.46 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, April 24th, Robert Bartlein purchased 1,000 shares of Community West Bancshares stock. The stock was bought at an average cost of $17.02 per share, for a total transaction of $17,020.00.
• On Thursday, March 13th, Robert Bartlein acquired 1,000 shares of Community West Bancshares stock. The shares were bought at an average cost of $17.86 per share, with a total value of $17,860.00.
• On Thursday, March 6th, Robert Bartlein purchased 1,000 shares of Community West Bancshares stock. The shares were bought at an average cost of $18.50 per share, for a total transaction of $18,500.00.
• On Thursday, February 20th, Robert Bartlein purchased 1,000 shares of Community West Bancshares stock. The stock was purchased at an average price of $18.80 per share, with a total value of $18,800.00.

Community West Bancshares Stock Performance

NASDAQ:CWBC traded up $0.49 during midday trading on Friday, reaching $17.99. 60,842 shares of the company traded hands, compared to its average volume of 52,865. The firm has a market capitalization of $342.91 million, a price-to-earnings ratio of 34.60 and a beta of 0.78. The company has a fifty day moving average price of $17.60 and a 200 day moving average price of $18.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82. Community West Bancshares has a twelve month low of $15.57 and a twelve month high of $22.89.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. The firm had revenue of $34.79 million for the quarter, compared to analyst estimates of $35.05 million. On average, analysts expect that Community West Bancshares will post 2.15 EPS for the current fiscal year.

Community West Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, May 2nd. Community West Bancshares's dividend payout ratio (DPR) is 73.85%.

Institutional Trading of Community West Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. PL Capital Advisors LLC increased its holdings in shares of Community West Bancshares by 1,837.0% during the fourth quarter. PL Capital Advisors LLC now owns 8,242,923 shares of the financial services provider's stock valued at $159,665,000 after purchasing an additional 7,817,372 shares during the period. Dimensional Fund Advisors LP increased 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 valued at $13,358,000 after buying an additional 35,509 shares during the period. Geode Capital Management LLC raised its position in shares of 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 buying an additional 24,294 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of Community West Bancshares by 2.5% in the 4th quarter. Systematic Financial Management LP now owns 300,035 shares of the financial services provider's stock worth $5,812,000 after acquiring an additional 7,225 shares during the period. Finally, State Street Corp boosted its holdings in shares of Community West Bancshares by 12.9% in the third quarter. State Street Corp now owns 251,944 shares of the financial services provider's stock valued at $4,852,000 after acquiring an additional 28,695 shares in the last quarter. Institutional investors own 33.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CWBC shares. 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 report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price objective on shares of Community West Bancshares from $21.00 to $19.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Piper Sandler lowered their target price on shares of Community West Bancshares from $22.00 to $19.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, StockNews.com upgraded shares of Community West Bancshares from a "sell" rating to a "hold" rating in a research report 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.