Community West Bancshares director acquires $1,299 in stock

James W. Lokey, a director at Community West Bancshares (NASDAQ:CWBC), recently acquired shares in the company through a dividend reinvestment program. On February 24, Lokey purchased approximately 68 shares at a price of $19 per share, totaling $1,299. The bank’s current dividend yield stands at 2.57%, with a notable track record of maintaining dividend payments for 14 consecutive years. According to InvestingPro analysis, the stock is currently trading at a high earnings multiple with a P/E ratio of 41.89. This acquisition increases Lokey’s total holdings to over 12,720 shares in the company. The transaction was conducted directly and reflects Lokey’s continued investment in the financial institution. Community West Bancshares, based in Fresno, California, operates within the state commercial banks sector, with a market capitalization of $356 million. InvestingPro data reveals positive expectations for net income growth this year. For more detailed financial insights and additional ProTips, check out InvestingPro.

In other recent news, Community West Bancshares has announced new employment agreements for six of its executive officers, as detailed in a recent SEC filing. These agreements, effective January 30, 2025, update compensation structures, including base salaries and potential incentive bonuses. CEO James J. Kim will receive the highest base salary of $625,000, with a bonus target of 60%, while CFO Shannon R. Livingston and COO Blaine C. Lauhon will earn $350,000 and $310,000 respectively, with bonus targets of 50% and 45%. The agreements also cover benefits such as company cars, paid vacation, and participation in deferred compensation plans, alongside provisions for severance payments under certain conditions. Additionally, a Salary Continuation Agreement has been established for Livingston, ensuring annual payments for 15 years post-separation, and a Split Dollar Life Insurance (NSE:LIFI) Agreement has been set up to divide death benefits under her policy. An amendment to Kim’s Executive Salary Continuation Agreement was also made, adjusting early termination benefits. The company also disclosed the resignation of Chief Credit Officer Patrick A. Luis, effective February 28, 2025, which is unrelated to any disputes with company policies or practices. These developments are documented in the SEC Form 8-K filing.

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