PacWest Bancorp (NASDAQ:PACW) saw a downside of -1.43% to close Tuesday at $8.94 after subtracting -$0.13 on the day. The 5-day average trading volume is 3,986,520 shares of the company’s common stock. It has gained $9.23 in the past week and touched a new high 3 times within the past 5 days. An average of 12,837,811 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 13,531,408.
PACW’s 1-month performance is 12.17% or $0.89 on its low of $7.50 reached on 07/25/23. The company’s shares have touched a 52-week low of $2.48 and high of $30.43, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, PACW has lost -61.05% or -$14.01 and has reached a new high 16 times. However, the current price is down -70.62% from the 52-week high price.
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Insider Transactions
PACW stock investors last saw insider trading activity on Mar 10.WAGNER MATTHEW P (CEO) most recently sold 17,725 shares at $24.18 per share on Dec 09. This transaction cost the insider $428,590. CEO, WAGNER MATTHEW P, sold 66,659 shares at a price of $26.24 on Nov 25.
Valuation Metrics
PACW stock has a beta of 1.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.67 while the price-to-book (PB) in the most recent quarter is 0.46, with the price to cash flow ratio at 2.28.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.60, while the total debt to equity was 2.60. The firm’s gross profit as reported stood at $1.29 billion against revenue of $1.56 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PACW to announce $0.19 per share in earnings in its latest quarter, but it posted $0.22, representing a 15.80% surprise. Shareholders hold equity totaling $118.04 million.
Let’s look briefly at PacWest Bancorp (PACW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 48.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.96%.
The stock’s 5-day moving average is $9.03, reflecting a -1.76% or -$0.16 change from its current price. PACW is currently trading +9.29% above its 20-day SMA, -21.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +31.28% and SMA200 by-62.09%.
Stochastic %K and %D was 41.42% and 41.72% and the average true range (ATR) pointed at 0.63. The RSI (14) points at 50.73%, while the 14-day stochastic is at 38.81% with the period’s ATR at 0.69. The stock’s 9-day MACD Oscillator is pointing at -0.10 and -0.24 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PacWest Bancorp (NASDAQ: PACW), Odeon launched coverage with a Hold rating. Analysts offering their rating for PACW stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PACW as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is PACW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.75 and a high of $16.00, with their median price target at $12.75. Looking at these predictions, the average price target given by analysts is for PacWest Bancorp (PACW) stock is $12.06.
