Community West Bancshares (CWBC) Announces Earnings Results
Community West Bancshares (NASDAQ:CWBC) released its earnings results on Friday. The financial services provider reported $0.18 EPS for the quarter, Bloomberg Earnings reports. Community West Bancshares had a return on equity of 8.68% and a net margin of 15.37%. The company had revenue of $9.09 million during the quarter.
Community West Bancshares (NASDAQ CWBC) remained flat at $10.40 during midday trading on Friday. 5,603 shares of the company’s stock were exchanged. The company has a 50-day moving average of $10.38 and a 200-day moving average of $10.22. The firm has a market capitalization of $84.85 million, a P/E ratio of 15.52 and a beta of 0.53. Community West Bancshares has a 12-month low of $8.05 and a 12-month high of $10.65.
In other Community West Bancshares news, Director Tom Dobyns purchased 2,500 shares of Community West Bancshares stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $10.29 per share, for a total transaction of $25,725.00. Following the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $25,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles G. Baltuskonis sold 32,351 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $10.24, for a total value of $331,274.24. Following the transaction, the insider now owns 41,495 shares of the company’s stock, valued at approximately $424,908.80. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 2,936 shares of company stock valued at $30,200 and have sold 78,441 shares valued at $803,697. Insiders own 23.67% of the company’s stock.
Community West Bancshares Company Profile
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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