FRESNO, Calif.—Robert Bartlein, a director at Community West Bancshares (NASDAQ:CWBC), recently acquired additional shares in the company. According to a recent SEC filing, Bartlein purchased a total of 2,000 shares of Community West Bancshares common stock on November 1, 2024. The shares were acquired at prices ranging from $18.70 to $18.80 per share, amounting to a total investment of $37,500. Following these transactions, Bartlein's total holdings in the company increased to 433,876 shares. This purchase reflects continued confidence in the company's prospects by a member of its board.
InvestingPro Insights
Robert Bartlein's recent purchase of Community West Bancshares (NASDAQ:CWBC) shares aligns with some positive indicators for the company, despite mixed signals from analysts. According to InvestingPro data, CWBC has maintained dividend payments for 13 consecutive years, demonstrating a commitment to shareholder returns. This consistency may have factored into Bartlein's decision to increase his stake.
The company's financial health appears stable, with InvestingPro Tips noting that CWBC has been profitable over the last twelve months and analysts predict continued profitability this year. However, investors should be aware that the stock is currently trading at a high earnings multiple, with a P/E ratio of 42.94.
CWBC's revenue growth shows promise, with a 45.22% increase in quarterly revenue as of Q3 2024. This growth trajectory could be a positive sign for potential investors, although it's important to note that 3 analysts have revised their earnings downwards for the upcoming period, suggesting some caution.
For those seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for CWBC, providing a deeper understanding of the company's financial position and market outlook.
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