COMMERCEWEST BANK COM USD0.01 (CWBK) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of COMMERCEWEST BANK COM USD0.01 (NASDAQ:CWBK) from a buy rating to a hold rating in a research report report published on Tuesday morning.

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) opened at 15.80 on Tuesday. The firm has a market capitalization of $64.01 million and a price-to-earnings ratio of 15.05. The stock’s 50 day moving average price is $15.55 and its 200 day moving average price is $15.04. COMMERCEWEST BANK COM USD0.01 has a 52-week low of $13.95 and a 52-week high of $16.50.

5 Day Chart for NASDAQ:CWBK

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