Community West Bancshares (NASDAQ:CWBC) President Martin E. Plourd Sells 7,732 Shares of Stock

Community West Bancshares (NASDAQ:CWBC) President Martin E. Plourd sold 7,732 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $19.26, for a total transaction of $148,918.32. Following the completion of the sale, the president now owns 82,737 shares of the company’s stock, valued at $1,593,514.62. This trade represents a 8.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Community West Bancshares Trading Up 1.0 %

CWBC stock opened at $19.38 on Wednesday. The company has a market capitalization of $367.25 million, a PE ratio of 37.27 and a beta of 0.91. 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 12 month low of $15.50 and a 12 month high of $24.47. The firm’s 50-day moving average is $19.65 and its 200 day moving average is $19.66.

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 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%. On average, research analysts anticipate that Community West Bancshares will post 2.15 EPS for the current year.

Community West Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.48 annualized dividend and a yield of 2.48%. Community West Bancshares’s payout ratio is currently 92.31%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CWBC. StockNews.com raised shares of Community West Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, January 27th. DA Davidson reduced their price target 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. Finally, Keefe, Bruyette & Woods dropped their price objective on 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.

Institutional Investors Weigh In On Community West Bancshares

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. bought a new position in shares of Community West Bancshares during the third quarter valued at approximately $847,000. Barclays PLC raised its stake in Community West Bancshares by 228.5% in the third 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 in the last quarter. State Street Corp lifted its holdings in Community West Bancshares by 12.9% during the third quarter. State Street Corp now owns 251,944 shares of the financial services provider’s stock worth $4,852,000 after buying an additional 28,695 shares during the period. Systematic Financial Management LP boosted its position in 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 in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Community West Bancshares by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 76,458 shares of the financial services provider’s stock valued at $1,473,000 after acquiring an additional 3,886 shares during the period. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

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.