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Kirk Stovesand, a director at Community West Bancshares (NASDAQ:CWBC), acquired 421 shares of common stock on August 15, 2025, through dividend reinvestment, at a price of $20.30, totaling $8546. The $385.1M market cap bank maintains a solid 2.38% dividend yield and has consistently paid dividends for 14 consecutive years. Trading at a P/E of 14.4x, InvestingPro analysis suggests the stock is slightly undervalued, with additional insights available through their comprehensive financial analysis platform.
In other recent news, Community West Bancshares reported 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 same period last year when the company experienced a net loss of $6.29 million, or $0.33 per diluted share. DA Davidson has raised its price target for Community West Bancshares to $24 from $20 while maintaining a Buy rating, citing stable top-line revenue and solid net interest margin expansion. However, the company’s earnings per share of $0.41 fell short of both DA Davidson’s estimate and the Street mean of $0.48. In another development, Community West Bancshares has appointed Baker Tilly US, LLP as its new independent registered public accounting firm. This change follows the merger of its previous auditor, Moss Adams LLP, with Baker Tilly US, LLP, effective June 3, 2025. The audit committee of Community West Bancshares’ board of directors approved this appointment. These developments highlight the company’s ongoing adjustments and strategic decisions.
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