The President & CEO of Community West Bancshares (NASDAQ: CWBC) is Buying Shares

By Carrie Williams

Today, the President & CEO of Community West Bancshares (NASDAQ: CWBC), Martin Plourd, bought shares of CWBC for $10.24K.

This recent transaction increases Martin Plourd’s holding in the company by 2.58% to a total of $297.4K. Following Martin Plourd’s last CWBC Buy transaction on December 09, 2016, the stock climbed by 0.8%.

Based on Community West Bancshares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $9.34 million and quarterly net profit of $1.36 million. In comparison, last year the company earned revenue of $8.03 million and had a net profit of $1.28 million. The company has a one year high of $10.65 and a one year low of $7.26. CWBC’s market cap is $82.25M and the company has a P/E ratio of 15.97.

The insider sentiment on Community West Bancshares has been positive according to 22 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Community West Bancshares is a bank holding company for Community West Bank, which engages in the provision of a variety of financial products and services such as checking accounts, savings accounts, money market accounts and fixed rate, fixed maturity certificates of deposits, cash management products, and lending products. The company was founded on November 26, 1996 and is headquartered in Goleta, CA.