Commercewest Bank Com (NASDAQ:CWBK) posted its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03), Bloomberg Earnings reports. The business had revenue of $5.45 million during the quarter, compared to the consensus estimate of $5.70 million.
Commercewest Bank Com (NASDAQ CWBK) traded up 0.22% during trading on Friday, hitting $22.50. The stock had a trading volume of 15,597 shares. The company has a 50 day moving average of $22.29 and a 200-day moving average of $21.26. Commercewest Bank Com has a 12-month low of $15.65 and a 12-month high of $23.00. The company has a market cap of $85.79 million and a P/E ratio of 18.15.
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Separately, Zacks Investment Research upgraded Commercewest Bank Com from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th.
About Commercewest Bank Com
CommerceWest Bank, N.A. provides various commercial banking services to the small and mid-sized businesses in southern California. It offers checking accounts, money market deposit accounts, saving accounts, certificates of deposits, sweep accounts, attorney client trust accounts, and now and escrow trust accounts; and real estate loans, such as owner user commercial real estate loans, commercial or industrial building loans, office and retail building loans, and multi-family real estate loans.
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