Community West Bancshares (NASDAQ:CWBC) recently saw its President, Martin E. Plourd, make a purchase of company stock. According to a recent SEC filing, Plourd acquired 330 shares of common stock on November 29 at a price of $18.36 per share. This transaction amounted to a total value of $6,058. Following this purchase, Plourd's direct ownership in the company increased to 91,269 shares. The shares were acquired as part of the company's Employee Stock Purchase Plan (ESPP), as noted in the filing.
The stock, currently trading at $22.16, has shown remarkable strength with a nearly 30% gain over the past six months. According to InvestingPro analysis, CWBC is trading at a high earnings multiple with a P/E ratio of 50.57, suggesting the stock may be overvalued at current levels. For investors interested in detailed valuation metrics and additional insights, InvestingPro offers 8 more key investment tips for CWBC.
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