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Suzanne Marie Chadwick, a director at Community West Bancshares (NASDAQ:CWBC), recently acquired additional shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Chadwick purchased 50 shares at a price of $18.82 each, totaling $941. This transaction increases her total direct ownership to approximately 3,299 shares. The purchase comes as the stock trades at a P/E ratio of 41.89, which InvestingPro analysis indicates is above its Fair Value.
Community West Bancshares, headquartered in Fresno, California, operates in the state commercial banking sector. With a market capitalization of $356 million and a dividend yield of 2.57%, the company has maintained dividend payments for 14 consecutive years. The recent acquisition reflects Chadwick’s ongoing investment in the company, which continues to be a notable player in the industry. InvestingPro analysis reveals additional insights, including expectations for net income growth this year.
In other recent news, Community West Bancshares has announced new employment agreements for six of its executive officers, effective January 30, 2025. These agreements revise compensation structures, including base salaries and potential incentive bonuses. James J. Kim, the Chief Executive Officer, is set to receive the highest base salary at $625,000, with a bonus target of 60%. Other executives, such as Chief Financial Officer Shannon R. Livingston and Chief Operating Officer Blaine C. Lauhon, will have base salaries of $350,000 and $310,000, respectively, with bonus targets of 50% and 45%. The agreements also include benefits like company cars, paid vacation, and participation in deferred compensation plans. Provisions for severance payments are included in the case of termination without cause or following a change in control. Additionally, a Salary Continuation Agreement with CFO Livingston provides her with annual payments for 15 years post-separation after age 62. The company also announced the resignation of Patrick A. Luis, the Chief Credit Officer, effective February 28, 2025, with no disagreements cited regarding the company’s operations.
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