FIG Partners Weighs in on Commercewest Bank’s FY2019 Earnings (CWBK)
Commercewest Bank (OTCBB:CWBK) – Research analysts at FIG Partners increased their FY2019 earnings estimates for shares of Commercewest Bank in a note issued to investors on Wednesday. FIG Partners analyst T. Coffey now expects that the company will earn $2.03 per share for the year, up from their prior estimate of $1.78.
Commercewest Bank (OTCBB:CWBK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $5.45 million during the quarter, compared to analysts’ expectations of $5.70 million.
Commercewest Bank (CWBK) traded up $0.08 during trading on Thursday, reaching $22.75. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 4,997. The firm has a market cap of $87.77, a PE ratio of 17.77 and a beta of 2.12. Commercewest Bank has a 12-month low of $17.24 and a 12-month high of $23.50.
About Commercewest Bank
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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