West Coast Community Bancorp Reports Quarterly Earnings

West Coast Community Bancorp (OTCMKTS:SCZC) released its quarterly earnings data on Tuesday. The financial services provider reported earnings of $1.32 per share for the quarter, according to Zacks.

Trading Performance of West Coast Community Bancorp

On Tuesday, shares of SCZC increased by $0.05, reaching a price of $40.05. The company witnessed a trading volume of 3,092 shares, which is lower than its average volume of 4,296 shares. West Coast Community Bancorp currently holds a market capitalization of $422.93 million, with a price-to-earnings (P/E) ratio of 9.82 and a beta of 0.78. Over the past year, the company's stock has experienced a low of $27.01 and a high of $41.95. The current fifty-day moving average stands at $41.27, while the 200-day moving average is at $39.80.

Dividend Increase Announced

Recently, West Coast Community Bancorp also announced an increase in its quarterly dividend. The dividend will be paid on Tuesday, February 11th, to shareholders who are on record as of Wednesday, February 5th. The new dividend rate is set at $0.19 per share, marking an annualized total of $0.76 and providing a yield of 1.90%. The ex-dividend date for this payout is also Wednesday, February 5th. This increase is a positive adjustment from the previous quarterly dividend of $0.18, while the company's payout ratio is 17.65%.

Company Overview

West Coast Community Bancorp serves as the bank holding company for Santa Cruz County Bank. It offers a comprehensive range of banking services, including commercial and personal banking solutions for residents and businesses across the United States. Services provided include checking accounts, savings accounts, money market accounts, certificates of deposits, health savings accounts, individual retirement accounts, and various retirement plans.

Investing Insights

Before considering an investment in West Coast Community Bancorp, it is advisable to look into other options as well. Despite the company currently having a "Hold" rating from analysts, they have highlighted other stocks that may offer better investment opportunities. Potential investors are encouraged to explore those alternatives before making a decision.

Earnings, Finance, Investing