West Coast Community Bancorp (OTCMKTS:SCZC) Shares Down 0.6% – Here’s Why

West Coast Community Bancorp (OTCMKTS:SCZC) fell 0.6% during mid-day trading on Monday. The stock traded as low as $59.24 and last traded at $59.50. Approximately 7,911 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 8,588 shares. The stock had previously closed at $59.85.

West Coast Community Bancorp Stock Performance

The company has a 50 day moving average of $59.01 and a 200 day moving average of $51.98. The stock has a market capitalization of $629.99 million, a price-to-earnings ratio of 17.55 and a beta of 0.49.

Institutional Trading of West Coast Community Bancorp

An institutional investor recently raised its stake in West Coast Community Bancorp stock. Ancora Advisors LLC increased its position in shares of West Coast Community Bancorp (OTCMKTS:SCZC) by 14.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,820 shares of the financial services provider’s stock after buying an additional 850 shares during the period. Ancora Advisors LLC owned about 0.06% of West Coast Community Bancorp worth $341,000 at the end of the most recent reporting period. 9.69% of the stock is currently owned by institutional investors.

About West Coast Community Bancorp

West Coast Community Bancorp is a bank holding company for West Coast Community Bank, a community-focused financial institution headquartered in Santa Cruz, California. The bank provides banking services to individuals, families, businesses and nonprofit organizations in California’s Central Coast region.

Its products and services include personal and business checking and savings accounts, certificates of deposit, online and mobile banking, commercial real estate and business loans, consumer lending, residential lending and cash-management services.