Jagroop Gill Purchases 4,770 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) Director Jagroop Gill purchased 4,770 shares of the stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $24.88 per share, with a total value of $118,677.60. Following the completion of the transaction, the director owned 588,067 shares of the company’s stock, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Community West Bancshares Price Performance

CWBC stock opened at $25.47 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $691.00 million, a PE ratio of 13.77 and a beta of 0.80. Community West Bancshares has a 12-month low of $19.07 and a 12-month high of $28.17. The business’s fifty day moving average price is $25.99 and its 200 day moving average price is $24.50.

Community West Bancshares (NASDAQ:CWBC) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. The company had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $55.65 million. Community West Bancshares had a return on equity of 11.35% and a net margin of 16.86%. On average, sell-side analysts anticipate that Community West Bancshares will post 2.38 EPS for the current year.

Community West Bancshares Announces Dividend

The firm 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, August 7th. Community West Bancshares’s dividend payout ratio is currently 25.95%.

Analyst Ratings Changes

CWBC has been the topic of several recent research reports. Wall Street Zen raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Piper Sandler raised their price target on shares of Community West Bancshares from $30.00 to $30.50 and gave the company an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings restated a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $29.00 price objective on shares of Community West Bancshares in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.17.

Institutional Trading of Community West Bancshares

Large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in Community West Bancshares in the first quarter worth approximately $210,000. Jane Street Group LLC purchased a new stake in shares of Community West Bancshares in the 1st quarter valued at approximately $591,000. JPMorgan Chase & Co. raised its holdings in shares of Community West Bancshares by 42.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,357 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 6,369 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Community West Bancshares by 46.2% during the 2nd quarter. Rhumbline Advisers now owns 25,850 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 8,173 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Community West Bancshares during the 2nd quarter worth $485,000. 33.80% of the stock is currently owned by hedge funds and other 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.