Community West Bancshares (NASDAQ:CWBC) CEO Martin E. Plourd bought 1,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was purchased at an average price of $10.18 per share, for a total transaction of $10,180.00. Following the completion of the acquisition, the chief executive officer now owns 70,000 shares of the company’s stock, valued at approximately $712,600. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
CWBC traded up $0.17 during mid-day trading on Friday, hitting $10.17. The stock had a trading volume of 4,783 shares, compared to its average volume of 3,014. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.05 and a current ratio of 1.11. The firm has a market cap of $85.94 million, a PE ratio of 12.40 and a beta of 0.45. Community West Bancshares has a 1-year low of $9.44 and a 1-year high of $12.95.
Community West Bancshares (NASDAQ:CWBC) last posted its earnings results on Friday, April 26th. The financial services provider reported $0.18 earnings per share for the quarter. The company had revenue of $8.83 million for the quarter. Community West Bancshares had a net margin of 15.36% and a return on equity of 9.42%.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 10th will be issued a $0.055 dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from Community West Bancshares’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 2.16%.
A number of institutional investors and hedge funds have recently bought and sold shares of CWBC. D.A. Davidson & CO. acquired a new stake in Community West Bancshares in the fourth quarter worth $105,000. Renaissance Technologies LLC raised its holdings in shares of Community West Bancshares by 77.1% during the first quarter. Renaissance Technologies LLC now owns 20,900 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 9,100 shares during the period. Wedbush Securities Inc. raised its holdings in shares of Community West Bancshares by 3.9% during the first quarter. Wedbush Securities Inc. now owns 41,614 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 1,559 shares during the period. Context BH Capital Management LP raised its holdings in shares of Community West Bancshares by 7.4% during the fourth quarter. Context BH Capital Management LP now owns 79,758 shares of the financial services provider’s stock worth $800,000 after acquiring an additional 5,492 shares during the period. Finally, M3F Inc. raised its holdings in shares of Community West Bancshares by 21.3% during the fourth quarter. M3F Inc. now owns 126,752 shares of the financial services provider’s stock worth $1,271,000 after acquiring an additional 22,261 shares during the period. Institutional investors own 25.44% of the company’s stock.
Separately, ValuEngine lowered shares of Community West Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd.
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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 deposit, as well as cash management products.
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