Insider Buying: Community West Bancshares (NASDAQ:CWBC) Director Buys 1,000 Shares of Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired at an average price of $17.15 per share, for a total transaction of $17,150.00. Following the purchase, the director now owns 429,056 shares in the company, valued at approximately $7,358,310.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Community West Bancshares Price Performance

Shares of CWBC traded up $0.13 during trading hours on Thursday, hitting $17.45. 7,485 shares of the company were exchanged, compared to its average volume of 42,966. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.34. The company has a market cap of $155.48 million, a price-to-earnings ratio of 9.23 and a beta of 0.88. Community West Bancshares has a fifty-two week low of $12.59 and a fifty-two week high of $24.47. The firm’s fifty day moving average is $16.40 and its 200 day moving average is $15.35.

Community West Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.75%. This is a boost from Community West Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, May 2nd. Community West Bancshares’s dividend payout ratio is presently 25.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CWBC shares. Piper Sandler upped their price objective on Community West Bancshares from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, April 15th. StockNews.com lowered Community West Bancshares from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on Community West Bancshares from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Monday, April 22nd. Finally, TheStreet lowered Community West Bancshares from a “b-” rating to a “c+” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Community West Bancshares has an average rating of “Hold” and a consensus price target of $20.33.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Community West Bancshares stock. Black Maple Capital Management LP raised its stake in shares of Community West Bancshares (NASDAQ:CWBC) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,475 shares of the financial services provider’s stock after purchasing an additional 1,417 shares during the period. Black Maple Capital Management LP owned 0.20% of Community West Bancshares worth $304,000 at the end of the most recent quarter. 33.80% of the stock is currently owned by 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.