Key Points
- CEO James Kim purchased 1,089 shares on Feb. 27 at $20.65 each for $22,487.85, increasing his holding to 58,849 shares (a 1.89% uptick, valued at about $1.215M).
- Shares traded at $23.11 mid-day with a 12-month range of $15.57–$25.72, a market cap of $442.8M and a P/E of 11.56; the company reported quarterly EPS of $0.60, beating estimates by $0.03.
- Community West pays a $0.12 quarterly dividend (annualized $0.48, yield ~2.1%, payout ratio 24%); analysts average a "Moderate Buy" rating with a $24.33 target and institutions own about 33.8% of the stock.
Community West Bancshares (NASDAQ:CWBC - Get Free Report) CEO James Kim acquired 1,089 shares of the company's stock in a transaction dated Friday, February 27th. The shares were bought at an average price of $20.65 per share, for a total transaction of $22,487.85. Following the acquisition, the chief executive officer owned 58,849 shares in the company, valued at approximately $1,215,231.85. This trade represents a 1.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Community West Bancshares Stock Performance
Shares of NASDAQ CWBC traded down $0.32 during mid-day trading on Thursday, hitting $23.11. The company had a trading volume of 56,231 shares, compared to its average volume of 150,282. Community West Bancshares has a 12 month low of $15.57 and a 12 month high of $25.72. The firm has a market cap of $442.79 million, a P/E ratio of 11.56 and a beta of 0.91. The business's 50-day simple moving average is $23.57 and its 200-day simple moving average is $22.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84.
Community West Bancshares (NASDAQ:CWBC - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $38.30 million for the quarter, compared to analyst estimates of $38.38 million. Community West Bancshares had a return on equity of 10.11% and a net margin of 19.45%. As a group, analysts predict that Community West Bancshares will post 2.15 earnings per share for the current fiscal year.
Community West Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, February 6th. Community West Bancshares's dividend payout ratio is presently 24.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Elevation Point Wealth Partners LLC raised its holdings in shares of Community West Bancshares by 75.6% in the second quarter. Elevation Point Wealth Partners LLC now owns 25,458 shares of the financial services provider's stock valued at $497,000 after buying an additional 10,961 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Community West Bancshares by 7.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,747 shares of the financial services provider's stock valued at $971,000 after acquiring an additional 3,633 shares in the last quarter. JPMorgan Chase & Co. increased its position in Community West Bancshares by 37.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,358 shares of the financial services provider's stock valued at $612,000 after acquiring an additional 8,001 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Community West Bancshares by 4.1% in the second quarter. Orion Porfolio Solutions LLC now owns 28,321 shares of the financial services provider's stock worth $553,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Community West Bancshares by 75.5% in 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 in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Community West Bancshares from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Wednesday, December 31st. Weiss Ratings restated a "buy (b-)" rating on shares of Community West Bancshares in a research note on Monday, December 29th. DA Davidson upped their price objective on Community West Bancshares from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Finally, Zacks Research cut Community West Bancshares from a "strong-buy" rating to a "hold" rating in a report on Monday, February 16th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Community West Bancshares currently has an average rating of "Moderate Buy" and an average target price of $24.33.
Get Our Latest Stock Report on CWBC
Community West Bancshares Company Profile
(
Get Free Report)
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.
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