Shares of Redwood Capital Bancorp (OTCMKTS:RWCB – Get Free Report) shot up 1.1% during trading on Wednesday. The stock traded as high as $34.63 and last traded at $34.60. Approximately 500 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 2,633 shares. The stock had previously closed at $34.24.
Redwood Capital Bancorp Stock Performance
The business’s 50-day moving average is $34.14 and its 200 day moving average is $32.07.
Redwood Capital Bancorp Company Profile
Redwood Capital Bancorp is a bank holding company headquartered in Eureka, California. Through its subsidiary, Redwood Capital Bank, the company provides community banking services to individuals, businesses, nonprofit organizations and public-sector customers.
Redwood Capital Bank’s offerings generally include deposit accounts, commercial and consumer lending, real estate financing, cash-management services, online and mobile banking, and other customary banking products. Its business is focused on relationship-based banking, with an emphasis on serving local businesses and community organizations.
The company primarily serves customers in Humboldt County and surrounding areas of Northern California through its local banking operations.
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