Transaction details
Community West Bancshares director Kirk Stovesand reported the acquisition of 376 shares of the bank's common stock in a Form 4 filed with the Securities and Exchange Commission. The trades took place on February 20, 2026, at a per-share price of $24.50, producing a total outlay of $9,212.
The purchase price is nearly in line with the prevailing market price of $24.46. Over the past 12 months the stock has risen roughly 32%.
Ownership context and dividend record
Following the transaction, Stovesand's direct ownership in Community West Bancshares stands at 78,612 shares. The company has maintained a streak of dividend payments for 15 consecutive years, and recently declared a quarterly cash dividend of $0.12 per common share.
Recent financial performance and strategic moves
Community West Bancshares reported a 62% increase in fourth-quarter net income, posting $11.17 million compared with $6.9 million in the same quarter a year earlier. In a strategic transaction disclosed alongside the earnings, the company has agreed to acquire United Security Bank in an all-stock deal valued at $192 million.
Analyst view and valuation note
DA Davidson has adjusted its price objective for Community West Bancshares to $26 while keeping a Buy rating on the shares. Separately, InvestingPro analysis cited in company commentary indicates the stock appears undervalued versus its Fair Value and lists it among the Most Undervalued opportunities.
Board changes and governance
The company is undergoing notable board turnover. Tom L. Dobyns will retire from the board of directors effective March 31, 2026. William S. Smittcamp, after 39 years of service, will also step down on March 31, 2026. Founding board member Daniel N. Cunningham is scheduled to retire on May 20, 2026, and will be named Director Emeritus at that time.
What this means
The insider purchase by Stovesand adds a modest personal investment at a price consistent with the market. At the same time, the company is reporting materially higher quarterly profitability, solid dividend continuity and a sizeable acquisition that will be paid in stock. The combination of an analyst upgrade, an external valuation assessment classifying the shares as undervalued and a period of board transitions frames the current corporate picture for shareholders and market observers.