Insider Buying: Community West Bancshares (NASDAQ:CWBC) Director Buys $18,690.75 in Stock

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Community West Bancshares (NASDAQ:CWBC) Director William R. Peeples acquired 1,917 shares of the business’s stock in a transaction on Monday, September 16th. The shares were purchased at an average price of $9.75 per share, for a total transaction of $18,690.75. Following the purchase, the director now directly owns 800,298 shares of the company’s stock, valued at $7,802,905.50. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of NASDAQ CWBC opened at $9.80 on Friday. The stock’s 50 day moving average price is $9.75 and its two-hundred day moving average price is $9.92. Community West Bancshares has a 52-week low of $9.44 and a 52-week high of $12.20. The stock has a market capitalization of $82.95 million, a P/E ratio of 12.40 and a beta of 0.42. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.59.

Community West Bancshares (NASDAQ:CWBC) last posted its earnings results on Friday, July 26th. The financial services provider reported $0.18 EPS for the quarter. The company had revenue of $9.19 million during the quarter. Community West Bancshares had a return on equity of 8.91% and a net margin of 14.44%.

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, August 12th.

Separately, ValuEngine cut Community West Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Large investors have recently bought and sold shares of the company. First Manhattan Co. grew its holdings in shares of Community West Bancshares by 38.4% during the second quarter. First Manhattan Co. now owns 33,888 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 9,400 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Community West Bancshares by 4.8% during the second quarter. Wedbush Securities Inc. now owns 43,614 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 2,000 shares during the last quarter. Context BH Capital Management LP grew its holdings in shares of Community West Bancshares by 17.4% during the first quarter. Context BH Capital Management LP now owns 93,597 shares of the financial services provider’s stock valued at $953,000 after purchasing an additional 13,839 shares during the last quarter. Finally, Cutler Capital Management LLC grew its holdings in shares of Community West Bancshares by 26.5% during the second quarter. Cutler Capital Management LLC now owns 273,983 shares of the financial services provider’s stock valued at $2,644,000 after purchasing an additional 57,344 shares during the last quarter. 24.41% of the stock is 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 deposit, as well as cash management products.

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Insider Buying and Selling by Quarter for Community West Bancshares (NASDAQ:CWBC)

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