Commercewest Bank Com (CWBK) Issues Earnings Results, Misses Expectations By $0.03 EPS
Commercewest Bank Com (NASDAQ:CWBK) announced its quarterly earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03), Bloomberg Earnings reports. The company had revenue of $5.45 million for the quarter, compared to analysts’ expectations of $5.70 million.
Commercewest Bank Com (CWBK) traded up 0.22% during trading on Friday, reaching $22.50. 15,597 shares of the company’s stock were exchanged. The company’s 50-day moving average is $22.29 and its 200-day moving average is $21.26. Commercewest Bank Com has a 1-year low of $15.65 and a 1-year high of $23.00. The company has a market capitalization of $85.79 million and a PE ratio of 18.15.
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Separately, Zacks Investment Research raised shares of Commercewest Bank Com from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th.
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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