Community West Bancshares (NASDAQ:CWBC) Director Acquires $18,800.00 in Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $18.80 per share, with a total value of $18,800.00. Following the transaction, the director now owns 434,876 shares in the company, valued at $8,175,668.80. This represents a 0.23 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Community West Bancshares Trading Down 0.3 %

Shares of Community West Bancshares stock opened at $18.92 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The company has a market cap of $358.53 million, a price-to-earnings ratio of 36.39 and a beta of 0.91. The company’s fifty day simple moving average is $19.27 and its 200-day simple moving average is $19.61. Community West Bancshares has a 1 year low of $15.50 and a 1 year high of $24.47.

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

Community West Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, February 7th. Community West Bancshares’s dividend payout ratio (DPR) is currently 92.31%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new position in Community West Bancshares during the third quarter worth $847,000. Barclays PLC increased its position in Community West Bancshares by 228.5% during the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider’s stock worth $424,000 after buying an additional 15,343 shares during the period. State Street Corp grew its position in shares of Community West Bancshares by 12.9% during the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after purchasing an additional 28,695 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of Community West Bancshares by 11.9% during the 3rd quarter. Systematic Financial Management LP now owns 292,810 shares of the financial services provider’s stock valued at $5,640,000 after acquiring an additional 31,075 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Community West Bancshares by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock worth $1,473,000 after acquiring an additional 3,886 shares during the period. 33.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CWBC has been the topic of a number of analyst reports. StockNews.com upgraded shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. DA Davidson lowered their price target on Community West Bancshares from $26.00 to $24.00 and set a “buy” rating for the company in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered 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 report on Friday, January 24th.

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.