PacWest Bancorp (PACW) Price Target: Is It Set To Rise Or Fall In Price?

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MNDY Stock
MNDY Stock

PacWest Bancorp (NASDAQ:PACW) finished Wednesday with a subtraction of -$0.59 to close at $24.85, a downside of -2.32 percent. An average of 1,546,140 shares of common stock have been traded in the last five days. There was a fall of -$0.86 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,083,190 shares traded, while the 50-day average volume stands at 1,070,852.

PACW stock has decreased by -10.39% in the last month. The company shares reached their 1-month lowest point of $24.84 on 09/21/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $24.89 and a high of $51.81 in 52 weeks. It has reached a new high 9 times so far this year and lost -44.99% or -$20.32 in price. In spite of this, the price is down -52.04% from the 52-week high.


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Insider Transactions

190 days have passed since PacWest Bancorp (PACW) last reported insider trading activity. Ivie Stanley R, who is EVP, Chief Risk Officer, most recently acquired $3,500 shares at $45.57 per share on Mar 16. In this transaction, the insider spent $159,495. EVP, Chief Credit Officer, CORSINI BRYAN M, disposed of 1,139 shares at a price of $47.85 on Mar 03. The insider now owns more than $54,501 worth of shares. Prior to that, Pres. & CEO, Community Banking BLAKE CHRISTOPHER D went on to Sale 3,000 shares at $50.00 each on Nov 08. An amount of $150,000 was transacted.

Valuation Metrics

PacWest Bancorp (PACW) has a trailing price-to-earnings (P/E) ratio of 5.54. The stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.37, the price-to-book (PB) ratio at 0.84, and the price-to-cash flow ratio at 7.43.

The company has a payout ratio of 22.30%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from last year. Its latest decrease dividend $0.35 reported on Friday May 1 2020.

Financial Health

Further, the company has a long term debt to equity ratio of 0.32 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $1.1 billion compared to revenue of $1.16 billion.

Earnings Surprise

For the three-month period that ended June 29, PacWest Bancorp had $1.59 billion in total debt. The analyst consensus anticipated PacWest Bancorp’s latest quarter earnings to come in at $1.06 per share, but it turned out to be $1.02, a -3.80% surprise. At the end of the quarter ending June 29, PacWest Bancorp’s stock balance sheet showed total debt was $2.61 billion. Shareholders own equity worth $117.77 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at PacWest Bancorp (PACW) price momentum. RSI 9-day as of the close on 21 September was 35.55%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.92%.

As of today, PACW’s price is $25.51 -3.34% or -$0.86 from its 5-day moving average. PACW is currently trading -10.55% lower than its 20-day SMA and -27.17% lower than its 100-day SMA. However, the stock’s current price level is -8.13% below the SMA50 and -42.94% below the SMA200.

The stochastic %K and %D were 19.80% and 23.60%, respectively, and the average true range (ATR) was 0.96. With the 14-day stochastic at 0.36% and the average true range at 0.94, the RSI (14) stands at 37.73%. The stock has reached -0.50 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.

Analyst Ratings

Keefe Bruyette downgraded PacWest Bancorp (NASDAQ: PACW) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for PacWest Bancorp (PACW) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PACW, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

What is PACW’s price target for the next 12 months?

Analysts predict a range of price targets between $31.00 and $43.00, with a median target of $36.00. Taking a look at these predictions, the average price target given by analysts for PacWest Bancorp (PACW) stock is $36.78.

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