Community West Bancshares director buys $18,500 in stock

Robert Bartlein, a director at Community West Bancshares (NASDAQ:CWBC), recently purchased 1,000 shares of the company’s common stock. The transaction, which took place on March 6, 2025, was executed at a price of $18.50 per share, totaling $18,500. The purchase price represents a slight premium to the current trading price of $18.41, with the stock trading at a P/E ratio of 41x. According to InvestingPro analysis, the company appears to be trading above its Fair Value. Following this acquisition, Bartlein now directly owns 435,876 shares of Community West Bancshares, representing a significant stake in this $350 million market cap company. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. The bank has maintained dividend payments for 14 consecutive years, currently offering a 2.58% yield. InvestingPro subscribers can access 6 additional key insights about CWBC’s financial health and growth prospects.

In other recent news, Community West Bancshares has disclosed several significant developments. The company reported the resignation of Chief Credit Officer Patrick A. Luis, effective February 28, 2025. The resignation, confirmed through an SEC filing, was not due to any disagreements with the bank’s operations or policies. As part of his departure, Mr. Luis will receive an Accelerated Benefit of $30,798 and full vesting of 7,139 shares of restricted stock. Community West Bancshares also announced new employment agreements with six executive officers, including CEO James J. Kim, who will receive a base salary of $625,000 with a 60% incentive bonus target. The agreements, effective January 30, 2025, include provisions for severance payments and additional benefits such as company cars and deferred compensation plans. CFO Shannon R. Livingston’s contract includes a Salary Continuation Agreement and a Split Dollar Life Insurance (NSE:LIFI) Agreement. These changes were detailed in the company’s latest SEC Form 8-K filing.

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