James J. Kim Purchases 1,600 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) CEO James J. Kim acquired 1,600 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $17.36 per share, with a total value of $27,776.00. Following the completion of the purchase, the chief executive officer now owns 60,178 shares in the company, valued at $1,044,690.08. The trade was a 2.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Community West Bancshares Trading Down 0.9 %

Shares of NASDAQ:CWBC opened at $18.59 on Thursday. The company has a 50 day moving average of $18.98 and a 200-day moving average of $19.61. The firm has a market cap of $352.21 million, a P/E ratio of 35.75 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. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. As a group, analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.

Community West Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Friday, February 7th. Community West Bancshares’s dividend payout ratio is currently 92.31%.

Institutional Trading of Community West Bancshares

A number of institutional investors have recently made changes to their positions in the stock. Spire Wealth Management bought a new stake in shares of Community West Bancshares in the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC raised its holdings in shares of Community West Bancshares by 33.8% in the 4th 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 bought a new stake in shares of Community West Bancshares in the 4th quarter worth approximately $56,000. BNP Paribas Financial Markets raised its holdings in shares of Community West Bancshares by 29.2% in the 4th 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 bought a new stake in shares of Community West Bancshares in the 4th quarter worth approximately $245,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CWBC shares. DA Davidson lowered their price objective on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, January 27th. StockNews.com raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Community West Bancshares from $24.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday, January 24th.

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.