Suzanne Marie Chadwick, a director at Community West Bancshares (NASDAQ:CWBC), has recently acquired additional shares in the company. According to a recent filing, Chadwick purchased 7.9 shares of Community West Bancshares common stock at a price of $21.44 per share. This transaction, dated November 22, 2024, reflects a total value of approximately $169.
The acquisition was made through dividend reinvestment, increasing Chadwick's total direct ownership to 3,249.25 shares following the transaction. Community West Bancshares, based in Fresno, California, is a state commercial bank operating under the financial sector.
InvestingPro Insights
Suzanne Marie Chadwick's recent acquisition of Community West Bancshares (NASDAQ:CWBC) shares through dividend reinvestment aligns with the company's strong dividend history. According to InvestingPro Tips, CWBC has maintained dividend payments for 13 consecutive years, demonstrating a commitment to shareholder returns. This consistency may have influenced Chadwick's decision to reinvest dividends, further increasing her stake in the company.
The bank's financial performance has been noteworthy, with InvestingPro data showing a revenue growth of 6.84% over the last twelve months as of Q3 2024, and an impressive quarterly revenue growth of 45.22% in Q3 2024. These figures suggest that Community West Bancshares is experiencing solid business expansion, which could be a factor in Chadwick's continued investment.
However, investors should note that CWBC's P/E ratio stands at 51.26, indicating that the stock is trading at a high earnings multiple. This valuation metric, combined with the InvestingPro Tip that the stock's RSI suggests it is in overbought territory, may warrant careful consideration for potential investors.
For those seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for CWBC, providing a deeper understanding of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.