Community West Bancshares (NASDAQ:CWBC) Director Jagroop Gill Buys 4,770 Shares

Community West Bancshares (NASDAQ:CWBC) Director Jagroop Gill purchased 4,770 shares of the business’s stock in a transaction on 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 purchase, the director owned 588,067 shares in the company, valued at approximately $14,631,106.96. This trade represents a 0.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Community West Bancshares Stock Performance

Shares of NASDAQ CWBC traded down $0.30 during midday trading on Monday, hitting $24.90. 197,674 shares of the company’s stock traded hands, compared to its average volume of 251,557. The firm has a fifty day moving average of $25.95 and a 200 day moving average of $24.48. Community West Bancshares has a 1 year low of $18.77 and a 1 year high of $28.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $675.64 million, a price-to-earnings ratio of 13.46 and a beta of 0.80.

Community West Bancshares (NASDAQ:CWBC) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $55.65 million. Community West Bancshares had a net margin of 16.86% and a return on equity of 11.35%. On average, analysts forecast that Community West Bancshares will post 2.38 earnings per share 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. Shareholders of record on Friday, August 7th will be given a $0.12 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.9%. Community West Bancshares’s dividend payout ratio (DPR) is presently 25.95%.

Analyst Ratings Changes

CWBC has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Community West Bancshares in a research note on Friday, July 10th. Piper Sandler boosted their price objective 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. 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. Finally, DA Davidson restated a “buy” rating and issued a $29.00 target price on shares of Community West Bancshares in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.17.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CWBC. KERR FINANCIAL PLANNING Corp purchased a new position in Community West Bancshares during the 1st quarter valued at $38,000. Russell Investments Group Ltd. lifted its position 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 worth $41,000 after purchasing an additional 1,709 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Community West Bancshares during the second quarter worth $46,000. Tower Research Capital LLC TRC boosted its stake 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 valued at $63,000 after purchasing an additional 1,393 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Community West Bancshares by 2,945.9% during the fourth quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 3,270 shares during the period. Institutional investors own 33.80% of the company’s stock.

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.