OTCPK:CBWA

Stock Analysis Report

Executive Summary

Commencement Bank provides banking products and services for individuals, and small and midsized businesses in western Washington.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Risks

  • Commencement Bank's last earnings update was 572 days ago.
  • Commencement Bank is not covered by any analysts.

Share Price & News

How has Commencement Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:CBWA

-1.8%

US Banks

0.2%

US Market


1 Year Return

-9.3%

OTCPK:CBWA

-15.3%

US Banks

-0.7%

US Market

CBWA outperformed the Banks industry which returned -13.6% over the past year.

CBWA underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

CBWAIndustryMarket
7 Day0%-1.8%0.2%
30 Day-4.4%-6.4%-2.7%
90 Day-7.5%-4.0%1.6%
1 Year-9.3%-9.3%-12.9%-15.3%1.6%-0.7%
3 Year83.9%83.9%41.3%31.7%40.0%30.9%
5 Yearn/a50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

How volatile is Commencement Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Commencement Bank undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether Commencement Bank is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Commencement Bank has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of CBWA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Commencement Bank regulatory filings here.
  • Explore potentially undervalued companies in the Banks industry.

Future Growth

How is Commencement Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Commencement Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of CBWA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Commencement Bank's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Commencement Bank performed over the past 5 years?

0.2%

Historical Banks annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Commencement Bank has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Commencement Bank's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Commencement Bank's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Commencement Bank has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of CBWA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Commencement Bank's financial data was last updated here.
  • Explore more healthy companies in the Banks industry.

Dividend

What is Commencement Bank's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Commencement Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Commencement Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Commencement Bank has not reported any payouts.

Unable to verify if Commencement Bank's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Commencement Bank has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Commencement Bank's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Hal Russell (64yo)

0.0yrs

Tenure

0

Mr. Harald R. Russell, also known as Hal, serves as Chief Executive Officer and Director at Commencement Bank. He is a graduate of NW Intermediate Banking School and Pacific Coast Banking School and attend ...


Management Age and Tenure

1.7yrs

Average Tenure

62yo

Average Age

The average tenure for the Commencement Bank management team is less than 2 years, this suggests a new team.


Board Age and Tenure

13.1yrs

Average Tenure

70.5yo

Average Age

The average tenure for the Commencement Bank board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Hal Russell (64yo)

    CEO & Director

    • Tenure: 0.0yrs
  • Tom Dhamers

    Executive VP & CFO

    • Tenure: 3.6yrs
  • Mary Harshman (62yo)

    Executive VP & Chief Retail and Banking Service Officer

    • Tenure: 0.0yrs
  • Rebecca Williamson

    Corporate Secretary

    • Tenure: 0.0yrs
  • John Manolides (55yo)

    President

    • Tenure: 1.6yrs
  • Rick Larson

    Senior VP & Chief Credit Officer

    • Tenure: 1.3yrs
  • Tricia Ott

    Senior VP of Operations & Cash Management

    • Tenure: 0.0yrs
  • Jerald Kennedy

    Senior VP & IT Officer

    • Tenure: 0.0yrs
  • Ed Fischer

    Senior VP & Commercial Loan Officer of Auburn Branch

    • Tenure: 0.0yrs
  • Pat Lewis

    Senior VP & Commercial Loan Team Leader

    • Tenure: 0.0yrs

Board Members

  • Dan McFarland (72yo)

    Director

    • Tenure: 13.6yrs
  • L. Lincoln-Hamilton (65yo)

    Director

    • Tenure: 12.6yrs
  • Ed Zittel (69yo)

    Director

    • Tenure: 13.6yrs
  • Hal Russell (64yo)

    CEO & Director

    • Tenure: 0.0yrs
  • Steve Bean (78yo)

    Director

    • Tenure: 3.6yrs
  • David Owens (48yo)

    Director

    • Tenure: 3.6yrs
  • Tom Nixon (72yo)

    Vice Chairman of the Board

    • Tenure: 0.0yrs
  • Charlie Diesing (78yo)

    Director

    • Tenure: 13.6yrs
  • John Manolides (55yo)

    President

    • Tenure: 1.6yrs
  • Tom Valentine (79yo)

    Chairman of the Board

    • Tenure: 0.0yrs

Company Information

Commencement Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Commencement Bank
  • Ticker: CBWA
  • Exchange: OTCPK
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$57.661m
  • Shares outstanding: 4.10m
  • Website: https://www.commencementbank.com

Location

  • Commencement Bank
  • 1102 Commerce Street
  • Tacoma
  • Washington
  • 98402
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CBWAOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 2015

Biography

Commencement Bank provides banking products and services for individuals, and small and midsized businesses in western Washington. It provides checking, savings, money market, sweep, and individual retirem ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:55
End of Day Share Price2019/08/13 00:00
Earnings2017/12/31
Annual Earnings2017/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.