Tacoma’s Commencement Bank has made the 2018 OTCQX Best 50 list, a ranking of the top performing companies on the OTCQX Best Market.
The OTCQX is a marketplace for trading over-the-counter stocks, with the OTCQX Best 50 annually ranking the top 50 U.S. and international companies traded on its top tier market. The Best 50 ranks companies based on an equal weighting of one-year total return and average daily dollar volume growth, with the rankings based on performance during the 2017 calendar year.
Commencement, which had record earnings in 2017, came in at 26th on the list, one of 21 regional and community banks on the Best 50.
The top ranked company was Bitcoin Investment Trust, an open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin.
“This year's roster of companies represented a wide range of sectors and industries, from global markets and innovators such as the Bitcoin Investment Trust, to established community banks, airlines and resources. These leading companies represent a diverse landscape of issuers from around the globe and here in the U.S.,” said Jason Paltrowitz, executive vice president of Corporate Services at OTC Markets Group, when the rankings were released last month. “We are pleased to congratulate our 2018 OTCQX Best 50 companies on their stellar performance and their commitment to providing a premium, efficient trading market that serves their investor base.”