Insider Selling: Community West Bancshares (CWBC) EVP Sells 4,116 Shares of Stock
Community West Bancshares (NASDAQ:CWBC) EVP Charles G. Baltuskonis sold 4,116 shares of Community West Bancshares stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $10.15, for a total transaction of $41,777.40. Following the completion of the sale, the executive vice president now owns 49,486 shares of the company’s stock, valued at approximately $502,282.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Community West Bancshares (NASDAQ:CWBC) last announced its quarterly earnings results on Friday, April 28th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $8.42 million for the quarter. Community West Bancshares had a net margin of 14.81% and a return on equity of 8.18%.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Friday, May 12th were issued a $0.04 dividend. This is a boost from Community West Bancshares’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, May 10th. This represents a $0.16 annualized dividend and a dividend yield of 1.59%. Community West Bancshares’s dividend payout ratio (DPR) is currently 25.40%.
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About Community West Bancshares
Community West Bancshares is a bank holding company. The Company provides full-service banking through its subsidiary, Community West Bank, N.A. (the Bank). Through the Bank, the Company provides a range of financial products and services to customers, including lending and deposit products. The Company focuses on professionals, small to mid-sized businesses and individual households.
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