Community West Bancshares (NASDAQ:CWBC) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS

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

Community West Bancshares Trading Up 0.4 %

Shares of NASDAQ:CWBC traded up $0.07 during mid-day trading on Thursday, hitting $18.87. The stock had a trading volume of 32,942 shares, compared to its average volume of 40,392. Community West Bancshares has a 12-month low of $15.50 and a 12-month high of $24.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $357.59 million, a PE ratio of 28.59 and a beta of 0.92. The company’s 50 day moving average is $20.20 and its 200-day moving average is $19.73.

Analysts Set New Price Targets

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

Insider Buying and Selling at Community West Bancshares

In related news, Director Robert Bartlein purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director now owns 433,876 shares in the company, valued at $8,135,175. This trade represents a 0.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven D. Mcdonald sold 9,155 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $21.51, for a total transaction of $196,924.05. Following the completion of the sale, the director now owns 317,391 shares of the company’s stock, valued at approximately $6,827,080.41. The trade was a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 2,432 shares of company stock valued at $45,616 in the last three months. 11.15% of the stock is currently owned by company insiders.

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.