Redwood Capital Bancorp (OTCMKTS:RWCB – Get Free Report)’s stock price traded down 0% on Friday . The company traded as low as $31.25 and last traded at $31.94. 929 shares changed hands during trading, a decline of 62% from the average session volume of 2,467 shares. The stock had previously closed at $31.95.
Redwood Capital Bancorp Price Performance
The firm’s 50 day simple moving average is $32.01 and its 200-day simple moving average is $30.10.
Redwood Capital Bancorp declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 1st that permits the company to repurchase $1.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
About Redwood Capital Bancorp
Redwood Capital Bancorp is the bank holding company for Redwood Capital Bank FSB, a community-oriented financial institution headquartered in Santa Rosa, California. As a federally chartered savings bank, it provides a full range of deposit and lending products to individuals, small businesses, and professional clients, with a focus on personalized service and local decision-making.
The company’s deposit portfolio includes checking and savings accounts, money market funds, and certificates of deposit, all designed to meet the needs of both personal and commercial clients.
Featured Stories
- Five stocks we like better than Redwood Capital Bancorp
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Redwood Capital Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redwood Capital Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
