West Coast Community Bancorp (OTCMKTS:SCZC) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

West Coast Community Bancorp (OTCMKTS:SCZC)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $52.24 and traded as high as $54.3872. West Coast Community Bancorp shares last traded at $54.30, with a volume of 1,895 shares changing hands.

West Coast Community Bancorp Stock Down 0.7%

The stock has a market cap of $567.52 million, a P/E ratio of 15.81 and a beta of 0.49. The business has a 50 day moving average price of $52.33 and a two-hundred day moving average price of $49.66.

Institutional Investors Weigh In On West Coast Community Bancorp

An institutional investor recently raised its stake in West Coast Community Bancorp stock. Ancora Advisors LLC lifted its stake in West Coast Community Bancorp (OTCMKTS:SCZC) by 14.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,820 shares of the financial services provider’s stock after buying an additional 850 shares during the quarter. Ancora Advisors LLC owned approximately 0.06% of West Coast Community Bancorp worth $341,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.69% of the company’s stock.

About West Coast Community Bancorp

West Coast Community Bancorp operates as the bank holding company for Santa Cruz County Bank that provides a range of commercial and personal banking services to residents and businesses in the United States. It offers checking, savings, money market, certificate of deposits, and health savings accounts; and individual retirement account and retirement plans. The company also provides lending products, including real estate commercial property, construction, asset-based, lines of credit, SBA loans, 504 loan program, business and industry, farm services agency, agricultural, and wine industry lending.