Commonwealth Business Bank (OTCMKTS:CBBI – Get Free Report) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 89 shares, a drop of 50.3% from the September 30th total of 179 shares. Based on an average daily trading volume, of 2,020 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Commonwealth Business Bank Price Performance
Shares of Commonwealth Business Bank stock remained flat at $14.00 on Monday. The stock had a trading volume of 571 shares, compared to its average volume of 2,178. The stock’s fifty day moving average is $13.91 and its 200-day moving average is $12.45. Commonwealth Business Bank has a fifty-two week low of $10.38 and a fifty-two week high of $14.24. The stock has a market cap of $148.68 million, a PE ratio of 7.41 and a beta of 0.12.
Commonwealth Business Bank (OTCMKTS:CBBI – Get Free Report) last issued its quarterly earnings results on Friday, October 23rd. The company reported $0.48 earnings per share (EPS) for the quarter. The company had revenue of $18.85 million during the quarter.
About Commonwealth Business Bank
Commonwealth Business Bank is a commercial bank headquartered in Los Angeles, California. The bank focuses on serving small and mid-sized businesses, entrepreneurs, professionals and individual customers through relationship-based banking services.
Its products and services include business and personal deposit accounts, commercial and industrial loans, commercial real estate financing, small business lending, residential mortgage loans and other credit products. Customers may also have access to treasury management, online banking, mobile banking and related cash-management services.
Commonwealth Business Bank was established in 2005 and has developed a presence in California and Texas, with an emphasis on serving local business communities, including Korean-American and other diverse customer segments.
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