West Coast Community Bancorp (OTCMKTS:SCZC) Sees Large Drop in Short Interest

West Coast Community Bancorp (OTCMKTS:SCZC) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 100 shares, a drop of 75.0% from the January 31st total of 400 shares. Based on an average daily volume of 15,600 shares, the days-to-cover ratio is presently 0.0 days.

West Coast Community Bancorp Stock Down 0.0 %

Shares of OTCMKTS:SCZC opened at $41.22 on Friday. The firm’s 50 day moving average price is $40.77 and its 200 day moving average price is $40.13. The stock has a market cap of $435.32 million, a price-to-earnings ratio of 12.16 and a beta of 0.79. West Coast Community Bancorp has a fifty-two week low of $27.01 and a fifty-two week high of $41.95.

West Coast Community Bancorp (OTCMKTS:SCZC) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.32 earnings per share for the quarter.

West Coast Community Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.76 dividend on an annualized basis and a yield of 1.84%. This is a boost from West Coast Community Bancorp’s previous quarterly dividend of $0.18. West Coast Community Bancorp’s dividend payout ratio (DPR) is presently 22.42%.

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.