James Lokey Buys 500 Shares of Community West Bancshares (NASDAQ:CWBC) Stock

Community West Bancshares (NASDAQ:CWBC) Director James Lokey purchased 500 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was purchased at an average price of $23.29 per share, with a total value of $11,645.00. Following the acquisition, the director directly owned 15,175 shares of the company’s stock, valued at $353,425.75. This trade represents a 3.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Community West Bancshares Stock Up 1.1%

NASDAQ CWBC traded up $0.26 during midday trading on Friday, hitting $24.00. 81,555 shares of the company traded hands, compared to its average volume of 107,089. The company has a market cap of $459.74 million, a PE ratio of 12.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50-day simple moving average is $23.02 and its 200-day simple moving average is $21.54. Community West Bancshares has a 52 week low of $15.57 and a 52 week high of $24.67.

Community West Bancshares (NASDAQ:CWBC) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business 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, equities research analysts forecast that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be given a $0.12 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.0%. Community West Bancshares’s dividend payout ratio (DPR) is 24.00%.

Analyst Ratings Changes

Several research firms recently issued reports on CWBC. Weiss Ratings restated a “buy (b-)” rating on shares of Community West Bancshares in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on shares of Community West Bancshares from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 31st. DA Davidson boosted their target price on Community West Bancshares from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Zacks Research raised Community West Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $24.33.

Hedge Funds Weigh In On Community West Bancshares

A number of hedge funds have recently made changes to their positions in CWBC. Russell Investments Group Ltd. raised its stake in Community West Bancshares by 623.7% during the third quarter. Russell Investments Group Ltd. now owns 1,983 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,709 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Community West Bancshares during the second quarter worth $46,000. Tower Research Capital LLC TRC increased its stake in shares of Community West Bancshares by 75.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,237 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,393 shares during the last quarter. CWM LLC grew its stake in Community West Bancshares by 255.4% in the 3rd quarter. CWM LLC now owns 3,184 shares of the financial services provider’s stock valued at $66,000 after buying an additional 2,288 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Community West Bancshares by 2,945.9% during the fourth quarter. Farther Finance Advisors LLC now owns 3,381 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 3,270 shares during the period. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Community West Bancshares Company Profile

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.