BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
Shannon R. Avrett, Executive Vice President at Community West Bancshares (NASDAQ:CWBC), has recently acquired shares in the company. According to a recent SEC filing, Avrett purchased 156 shares of common stock on February 28, 2025, at a price of $17.36 per share. The stock, currently trading at $19.09, appears overvalued according to InvestingPro analysis, with a P/E ratio of 42.4x. The total value of this transaction amounted to $2,708. This purchase was made as part of the company’s Employee Stock Purchase Plan (ESPP), bringing Avrett’s total holdings to 14,881 shares. The $361.47 million market cap company has maintained dividend payments for 14 consecutive years, currently offering a 2.51% 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 updated employment agreements with six of its executive officers, as disclosed in a recent SEC filing. Effective January 30, 2025, these agreements revise compensation packages, including base salaries and potential incentive bonuses. CEO James J. Kim will receive a base salary of $625,000 with a 60% incentive bonus target, while CFO Shannon R. Livingston and COO Blaine C. Lauhon will earn base salaries of $350,000 and $310,000, with bonus targets of 50% and 45%, respectively. The agreements also provide benefits such as company cars, paid vacation, and restricted stock shares, alongside eligibility for deferred compensation plans. Provisions for severance payments are included, applicable in cases of termination without cause or after a change in control. Additionally, CFO Shannon R. Livingston has a Salary Continuation Agreement for annual payments over 15 years post-separation, and a Split Dollar Life Insurance (NSE:LIFI) Agreement detailing death benefit divisions. An amendment to CEO James J. Kim’s Executive Salary Continuation Agreement was also made, adjusting early termination benefits. The filing further announced the resignation of Chief Credit Officer Patrick A. Luis, effective February 28, 2025, unrelated to any disagreements with the company’s practices.
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