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Martin E. Plourd, a director and President at Community West Bancshares (OTC:CWBC), recently purchased 441 shares of common stock at $16.02, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the purchase was $7,064. The stock, currently trading at $20.97, has shown strong momentum with an 11% return over the past six months. InvestingPro analysis suggests the stock is currently undervalued.
The transaction on August 29, 2025, increased Plourd’s direct ownership in Community West Bancshares to 92,687 shares. The purchase was part of the Company’s ESPP plan. With a market capitalization of $401 million and a P/E ratio of 15, the company maintains a solid 2.28% dividend yield and has sustained dividend payments for 14 consecutive years. InvestingPro subscribers can access 8 additional key insights about CWBC’s financial health and growth prospects.
In other recent news, Community West Bancshares reported a notable shift to profitability, with unaudited consolidated net income of $7.83 million, or $0.41 per diluted share, for the second quarter ending June 30, 2025. This marks a significant improvement from the previous year’s net loss of $6.29 million, or $0.33 per diluted share. Despite this positive turnaround, the earnings per share fell short of DA Davidson’s estimate and the average analyst forecast of $0.48. Additionally, DA Davidson raised its price target for Community West Bancshares to $24.00 from $20.00, maintaining a Buy rating due to the company’s stable revenue and net interest margin growth.
In another development, Community West Bancshares announced a share buyback program, further signaling confidence in its financial position. The company also appointed Baker Tilly US, LLP as its new independent registered public accounting firm. This appointment follows the merger of its previous auditor, Moss Adams LLP, with Baker Tilly US, LLP. The audit committee approved Baker Tilly as the successor, ensuring continuity in the company’s financial oversight.
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