Redwood Capital Bancorp (OTCMKTS:RWCB – Get Free Report) shot up 11% during trading on Tuesday . The stock traded as high as $33.31 and last traded at $33.31. Approximately 300 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 2,767 shares. The stock had previously closed at $30.00.
Redwood Capital Bancorp Price Performance
The stock has a 50-day simple moving average of $33.12 and a two-hundred day simple moving average of $32.18.
Redwood Capital Bancorp Company Profile
Redwood Capital Bancorp is a bank holding company headquartered in Eureka, California. Through its principal subsidiary, Redwood Capital Bank, the company provides community banking services to individuals, businesses and organizations in Northern California.
Redwood Capital Bank offers deposit accounts, commercial and consumer lending, residential real estate loans, cash-management services, online banking and other traditional banking products. Its lending activities support local businesses, property owners and consumers, while its deposit services include checking, savings and time-deposit accounts.
The bank focuses primarily on communities in Humboldt County and surrounding areas along California’s North Coast.
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