Commonwealth Business Bank (OTCMKTS:CBBI) Posts Quarterly Earnings Results

Key Points

• Commonwealth Business Bank (OTCMKTS:CBBI) reported quarterly earnings of $0.53 EPS, and its shares traded up about 2.9% to $11.04 on the announcement.
• The stock carries a market cap of $116.91 million and a low valuation with a P/E of 6.57; trading volume was 7,340 versus an average of 5,649 and the beta is 0.15, indicating low volatility.
• CBB Bancorp is the holding company for Commonwealth Business Bank, which provides commercial banking services including SBA lending, business loans, treasury management, and online/mobile banking.

Commonwealth Business Bank (OTCMKTS:CBBI - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.53 EPS for the quarter, Zacks reports.

Commonwealth Business Bank Trading Up 2.9%

Shares of OTCMKTS:CBBI traded up $0.31 during mid-day trading on Friday, reaching $11.04. The stock had a trading volume of 7,340 shares, compared to its average volume of 5,649. The company has a market cap of $116.91 million, a P/E ratio of 6.57 and a beta of 0.15. Commonwealth Business Bank has a 1 year low of $10.00 and a 1 year high of $12.25. The business's 50 day moving average price is $11.24 and its 200 day moving average price is $11.15.

About Commonwealth Business Bank

CBB Bancorp, Inc operates as the holding company for Commonwealth Business Bank that provides various commercial banking products and services to individuals and businesses in the United States. It offers checking, savings, money market, and certification of deposit accounts; SBA lending; business lines of credit; business term loans; business and commercial property loans; construction loans; and credit cards. The company also provides treasury management, and mobile and online banking services, as well as title and escrow services.

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