BofA’s Hartnett says concentrated U.S. stock returns are likely to persist
Dawn M. Cagle, Executive Vice President of Community West Bancshares (NASDAQ:CWBC), recently purchased 341 shares of the company’s common stock. The regional bank, with a market capitalization of $361 million, currently trades at $19.09 per share. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. The transaction, which took place on February 28, 2025, was executed at a price of $17.36 per share, amounting to a total of $5,919. Following this acquisition, Cagle’s direct ownership stands at 11,643 shares. The shares were acquired as part of the company’s Employee Stock Purchase Plan (ESPP). The company maintains a dividend yield of 2.51% and has consistently paid dividends for 14 consecutive years. InvestingPro subscribers can access 6 additional key insights about CWBC’s financial health and growth prospects.
In other recent news, Community West Bancshares has revised employment agreements for six of its executive officers, as noted in a recent SEC filing. Effective January 30, 2025, these new contracts replace previous ones and establish updated compensation terms, including base salaries and potential incentive bonuses. Chief Executive Officer James J. Kim will receive a base salary of $625,000 with an incentive bonus target of 60%. 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 set at 50% and 45%.
The agreements also include benefits such as company cars or allowances, paid vacation, and participation in deferred compensation plans. There are provisions for severance payments in case of termination without cause or following a change in control. Additionally, the company has entered into a Salary Continuation Agreement with CFO Livingston, ensuring annual payments for 15 years post-separation after age 62, under certain conditions. The filing also announced the resignation of Chief Credit Officer Patrick A. Luis, effective February 28, 2025, unrelated to any disagreements with company policies.
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