Community West Bancshares (NASDAQ:CWBC) Issues Earnings Results

Community West Bancshares (NASDAQ:CWBC) released its quarterly earnings results on Thursday. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07), Zacks reports. Community West Bancshares had a return on equity of 8.14% and a net margin of 4.53%.

Community West Bancshares Stock Up 0.4 %

Shares of NASDAQ CWBC traded up $0.07 during mid-day trading on Thursday, reaching $18.87. The company had a trading volume of 32,942 shares, compared to its average volume of 40,392. Community West Bancshares has a 52-week low of $15.50 and a 52-week high of $24.47. The stock has a market cap of $357.59 million, a P/E ratio of 28.59 and a beta of 0.92. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $20.20 and a two-hundred day simple moving average of $19.73.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their target price on shares of Community West Bancshares from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling at Community West Bancshares

In other Community West Bancshares news, Director Steven D. Mcdonald sold 9,155 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $21.51, for a total value of $196,924.05. Following the completion of the sale, the director now owns 317,391 shares in the company, valued at approximately $6,827,080.41. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Bartlein bought 2,000 shares of the stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the transaction, the director now owns 433,876 shares of the company’s stock, valued at approximately $8,135,175. The trade was a 0.46 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 2,432 shares of company stock worth $45,616 over the last 90 days. Corporate insiders own 11.15% of the company’s stock.

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.