Commonwealth Business Bank (OTCMKTS:CBBI) Trading Down 1.5% – What’s Next?

Commonwealth Business Bank (OTCMKTS:CBBI)’s stock price dropped 1.5% during mid-day trading on Wednesday . The company traded as low as $11.40 and last traded at $11.50. Approximately 11,900 shares changed hands during trading, an increase of 267% from the average daily volume of 3,241 shares. The stock had previously closed at $11.67.

Commonwealth Business Bank Stock Down 1.5%

The company has a 50-day moving average price of $11.26 and a two-hundred day moving average price of $11.30. The stock has a market capitalization of $121.79 million, a P/E ratio of 6.42 and a beta of 0.16.

Commonwealth Business Bank (OTCMKTS:CBBI) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share for the quarter. The company had revenue of $18.47 million for the quarter.

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.