Commencement Bank (CBWA)
OTHER OTC:CBWA
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Commencement Bank
(OTC:CBWA)
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Rating:67Neutral
Price Target:
$18.00
▲(10.43% Upside)
Action:DowngradedDate:03/31/26
The score is driven primarily by improving fundamentals (revenue and profitability rebound with a conservative balance sheet), offset by a notable deterioration in 2025 cash flow conversion. Valuation is a positive support due to the low P/E, while technical indicators are mixed with slightly negative momentum.
Positive Factors
Revenue growth trend
Sustained top-line growth in 2024–2025 indicates expanding loan and fee activity and stronger core business traction. Persistent revenue gains support earnings durability, fund reinvestment, and provide cover for provisioning, helping the bank navigate normal cyclical headwinds over months.
Negative Factors
Weak cash conversion
A sharp decline in operating and free cash flow versus reported earnings signals lower earnings quality or timing mismatches in loan collections and funding. Persistent weak cash conversion would constrain dividends, loan growth and balance sheet management, raising structural liquidity concerns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth trend
Sustained top-line growth in 2024–2025 indicates expanding loan and fee activity and stronger core business traction. Persistent revenue gains support earnings durability, fund reinvestment, and provide cover for provisioning, helping the bank navigate normal cyclical headwinds over months.
Read all positive factors
Commencement Bank (CBWA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$69.93M
Dividend YieldN/A
Average Volume (3M)1.40K
Price to Earnings (P/E)9.2
Beta (1Y)0.13
Revenue Growth14.17%
EPS Growth62.65%
CountryUS
Employees80
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)N/A
Shares Outstanding4,150,183
10 Day Avg. Volume564
30 Day Avg. Volume1,404
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.03
Price to Sales (P/S)1.69
P/FCF Ratio203.37
Enterprise Value/Market Cap0.89
Enterprise Value/Revenue1.90
Enterprise Value/Gross Profit2.75
Enterprise Value/Ebitda11.68
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Commencement Bank Business Overview & Revenue Model
Company Description
Commencement Bancorp Inc. operates as a bank holding company for Commencement Bank that provides various banking products and services for individuals, and small and midsized businesses in western Washington. It accepts non-interest-bearing, deman...
How the Company Makes Money
Commencement Bank primarily makes money through (1) net interest income and (2) noninterest (fee) income. Net interest income is earned by collecting interest on loans and other interest-earning assets (e.g., commercial loans, real estate loans, a...
Commencement Bank Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.72M | 36.68M | 30.41M | 27.73M | 21.35M | 20.12M |
| Gross Profit | 22.61M | 26.54M | 20.53M | 19.60M | 19.65M | 16.29M |
| EBITDA | 5.33M | 8.35M | 3.63M | 4.56M | 7.62M | 6.20M |
| Net Income | 4.31M | 6.71M | 3.01M | 3.05M | 5.49M | 4.19M |
Balance Sheet | ||||||
| Total Assets | 681.66M | 683.25M | 650.00M | 586.19M | 580.76M | 531.44M |
| Cash, Cash Equivalents and Short-Term Investments | 123.99M | 21.64M | 0.00 | 114.15M | 123.55M | 118.96M |
| Total Debt | 15.00M | 8.00M | 2.25M | 2.56M | 26.85M | 4.60M |
| Total Liabilities | 627.18M | 623.05M | 598.57M | 536.08M | 534.11M | 477.82M |
| Stockholders Equity | 54.47M | 60.20M | 51.42M | 50.11M | 46.66M | 53.62M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 305.00K | 3.45M | 3.73M | 3.19M | 7.61M |
| Operating Cash Flow | 0.00 | 1.73M | 4.78M | 3.98M | 3.27M | 7.66M |
| Investing Cash Flow | 0.00 | -50.86M | -13.18M | -2.23M | -106.71M | 12.08M |
| Financing Cash Flow | 0.00 | 16.88M | 58.21M | 1.77M | 55.79M | 928.00K |
Commencement Bank Technical Analysis
Negative
16.30
Price Trends
16.90
Negative
16.60
Positive
14.78
Positive
Market Momentum
-0.03
Negative
46.84
Neutral
82.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBWA, the sentiment is Negative. The current price of 16.3 is below the 20-day moving average (MA) of 16.77, below the 50-day MA of 16.90, and above the 200-day MA of 14.78, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 46.84 is Neutral, neither overbought nor oversold. The STOCH value of 82.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CBWA.
Commencement Bank Peers Comparison
UnderperformOutperform
Sector (68)
CBWA
Commencement Bank
16.70
4.70
39.17%
ASRV
Ameriserv Financial
3.94
1.76
80.98%
FSEA
First Seacoast Bancorp
11.16
0.34
3.14%
CLST
Catalyst Bancorp
15.95
4.75
42.41%
NSTS
NSTS Bancorp
12.97
1.38
11.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.