Robert Bartlein Acquires 2,001 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) Director Robert Bartlein purchased 2,001 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were acquired at an average price of $17.19 per share, for a total transaction of $34,397.19. Following the purchase, the director now directly owns 440,877 shares of the company’s stock, valued at approximately $7,578,675.63. The trade was a 0.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Robert Bartlein also recently made the following trade(s):

• On Thursday, April 24th, Robert Bartlein bought 1,000 shares of Community West Bancshares stock. The stock was bought at an average price of $17.02 per share, with a total value of $17,020.00.
• On Thursday, March 13th, Robert Bartlein purchased 1,000 shares of Community West Bancshares stock. The shares were bought at an average price of $17.86 per share, for a total transaction of $17,860.00.
• On Thursday, March 6th, Robert Bartlein acquired 1,000 shares of Community West Bancshares stock. The shares were bought at an average price of $18.50 per share, with a total value of $18,500.00.
• On Thursday, February 20th, Robert Bartlein bought 1,000 shares of Community West Bancshares stock. The stock was purchased at an average cost of $18.80 per share, for a total transaction of $18,800.00.

Community West Bancshares Stock Up 0.2 %

Community West Bancshares stock opened at $17.39 on Wednesday. The business’s 50-day moving average price is $17.66 and its 200 day moving average price is $19.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $331.47 million, a price-to-earnings ratio of 33.44 and a beta of 0.78. Community West Bancshares has a 52 week low of $15.57 and a 52 week high of $22.89.

Community West Bancshares (NASDAQ:CWBC) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $34.79 million during the quarter, compared to analysts’ expectations of $35.05 million. Community West Bancshares had a return on equity of 7.90% and a net margin of 4.59%. As a group, sell-side analysts anticipate that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.76%. Community West Bancshares’s dividend payout ratio (DPR) is currently 73.85%.

Institutional Investors Weigh In On Community West Bancshares

Several hedge funds have recently modified their holdings of CWBC. Spire Wealth Management acquired a new position in Community West Bancshares in the 4th quarter worth about $27,000. Tower Research Capital LLC TRC raised its stake 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 worth $41,000 after buying an additional 529 shares during the period. US Bancorp DE purchased a new position in shares of Community West Bancshares during the 4th quarter valued at approximately $56,000. BNP Paribas Financial Markets grew its stake in Community West Bancshares by 29.2% in the 4th quarter. BNP Paribas Financial Markets now owns 4,600 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 1,041 shares during the period. Finally, Forum Financial Management LP purchased a new stake in Community West Bancshares in the 4th quarter worth $245,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWBC has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price target on Community West Bancshares from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. StockNews.com upgraded Community West Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. DA Davidson reduced their price target on shares of 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, Piper Sandler dropped their price objective on shares of Community West Bancshares from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd.

About Community West Bancshares

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.