COMMERCEWEST BANK COM USD0.01 (CWBK) Downgraded to Sell at Zacks Investment Research
According to Zacks, “CommerceWest Bank provides a wide range of specialized commercial banking and financial services to entrepreneurs and small- to mid-sized businesses in southern California. Headquartered in Irvine, California, the company offers basic and analyzed checking accounts, money market accounts, saving accounts, certificates of deposit, attorney client services, and escrow accounts. The banks lending portfolio includes lines of credit; term loans; multifamily, construction, and commercial real estate loans; equipment financing; asset-based lines of credit; small business administration loans; state guaranteed programs; and letter of credit. It also offers online banking services, such as balance transfers, stop payments, make loan payments, and loan transfers. The company also offers various cash management services, signature services, and turnaround services. Regional offices are located throughout Southern California in Orange County, Inland Empire and Los Angeles. “
COMMERCEWEST BANK COM USD0.01 (NASDAQ:CWBK) remained flat at $15.90 during trading on Thursday. COMMERCEWEST BANK COM USD0.01 has a one year low of $14.55 and a one year high of $16.50. The firm has a market capitalization of $63.70 million and a PE ratio of 15.00. The stock has a 50-day moving average price of $15.80 and a 200 day moving average price of $15.28.
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