CommerceWest Bank NA (OTCBB:CWBK) – Equities researchers at FIG Partners reduced their FY2017 earnings per share estimates for shares of CommerceWest Bank NA in a research note issued on Friday, according to Zacks Investment Research. FIG Partners analyst T. Coffey now forecasts that the company will post earnings of $1.31 per share for the year, down from their previous forecast of $1.38. FIG Partners also issued estimates for CommerceWest Bank NA’s Q4 2017 earnings at $0.35 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.51 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.46 EPS and FY2019 earnings at $1.78 EPS.
CommerceWest Bank NA (OTCBB:CWBK) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $5.45 million during the quarter, compared to analyst estimates of $5.70 million.
CommerceWest Bank NA (OTCBB CWBK) traded up $0.20 during midday trading on Monday, hitting $22.75. The stock had a trading volume of 3,505 shares, compared to its average volume of 4,709. The firm has a market capitalization of $87.31, a price-to-earnings ratio of 17.58 and a beta of 2.13. CommerceWest Bank NA has a 52 week low of $16.00 and a 52 week high of $23.00.
WARNING: “FY2017 EPS Estimates for CommerceWest Bank NA (CWBK) Cut by FIG Partners” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://stocknewstimes.com/2017/12/06/fig-partners-brokers-cut-earnings-estimates-for-commercewest-bank-na-cwbk.html.
CommerceWest Bank NA Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CommerceWest Bank NA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommerceWest Bank NA and related companies with MarketBeat.com's FREE daily email newsletter.