James Kim Purchases 1,089 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) CEO James Kim bought 1,089 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average price of $20.65 per share, for a total transaction of $22,487.85. Following the completion of the transaction, the chief executive officer directly owned 58,849 shares of the company’s stock, valued at $1,215,231.85. This represents a 1.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Community West Bancshares Price Performance

Shares of Community West Bancshares stock opened at $23.17 on Friday. The firm has a market cap of $443.94 million, a PE ratio of 11.59 and a beta of 0.91. The stock has a 50 day moving average of $23.58 and a 200 day moving average of $22.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $25.72.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Community West Bancshares had a return on equity of 10.11% and a net margin of 19.45%.The business had revenue of $38.30 million for the quarter, compared to analysts’ expectations of $38.38 million. On average, research 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 was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Community West Bancshares’s dividend payout ratio (DPR) is presently 24.00%.

Institutional Trading of Community West Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC grew its stake in shares of Community West Bancshares by 17.6% in the 4th quarter. CWM LLC now owns 3,744 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 560 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Community West Bancshares by 7.0% during the 2nd quarter. First Trust Advisors LP now owns 12,165 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 794 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Community West Bancshares by 4.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider’s stock worth $553,000 after acquiring an additional 1,111 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Community West Bancshares by 75.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,393 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Community West Bancshares by 623.7% during the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,709 shares during the last quarter. Institutional investors own 33.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CWBC shares. Keefe, Bruyette & Woods lifted their price target on Community West Bancshares from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 31st. Zacks Research lowered Community West Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Community West Bancshares in a research report on Monday, December 29th. Finally, DA Davidson increased their target price on shares of Community West Bancshares from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Community West Bancshares Company Profile

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.