Community West Bancshares (NASDAQ:CWBC) CEO James J. Kim Buys 1,600 Shares

Community West Bancshares (NASDAQ:CWBC) CEO James J. Kim acquired 1,600 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the transaction, the chief executive officer now owns 60,178 shares in the company, valued at approximately $1,044,690.08. This represents a 2.73 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Community West Bancshares Trading Down 2.1 %

Shares of NASDAQ:CWBC opened at $18.75 on Wednesday. The firm has a fifty day moving average of $19.00 and a two-hundred day moving average of $19.62. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. Community West Bancshares has a 12-month low of $14.52 and a 12-month high of $24.47. The firm has a market capitalization of $355.24 million, a P/E ratio of 36.06 and a beta of 0.91.

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

Community West Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.12 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.56%. Community West Bancshares’s payout ratio is 92.31%.

Hedge Funds Weigh In On Community West Bancshares

A number of hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in Community West Bancshares in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC raised its holdings in shares of Community West Bancshares by 33.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 529 shares in the last quarter. US Bancorp DE acquired a new stake in shares of Community West Bancshares in the 4th quarter valued at $56,000. BNP Paribas Financial Markets boosted its holdings in Community West Bancshares by 29.2% in the fourth 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 acquired a new position in Community West Bancshares during the fourth quarter worth $245,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.