FY2017 EPS Estimates for CommerceWest Bank NA (CWBK) Cut by FIG Partners

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.

Separately, Zacks Investment Research downgraded shares of CommerceWest Bank NA from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th.

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.

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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.

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Earnings History and Estimates for CommerceWest Bank NA (OTCBB:CWBK)

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