The stock of PacWest Bancorp (NASDAQ:PACW) decreased by -$0.31 on Tuesday to finish at $8.04, down -3.71 percent. The last five days have seen an average of 2,840,920 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$14.91. The average number of shares traded over the last 20 days was 11,252,040, while the average volume over the last 50 days totaled 11,989,486.
PACW stock dropped -2.43% since last month. On 07/25/23, the company’s shares reached a one-month low of $7.50. The stock touched a high of $30.43 on 02/03/23, after rallying from a low of $2.48 in 52 weeks. The price of PACW stock has declined by -64.97% or -$14.91 this year, reaching a new high 16 times. Still, the stock price is down -73.58% from the 52-week high.
Insider Transactions
PACW stock investors should be aware that PacWest Bancorp (PACW) stock had its last reported insider trading activity 159 days ago on Mar 10. On Mar 10, Director EGGEMEYER JOHN M III acquired 25,000 shares at $15.33 each. This transaction resulted in the insider spending $383,250. On Mar 10, WAGNER MATTHEW P added 13,885 shares at a price of US$21.12. After the transaction, the insider now owns 33,885 shares. PRES. & CEO, COMMUNITY BANKING BLAKE CHRISTOPHER D had earlier bought 6,660 shares on Mar 10 for $15.74 a share. The transaction was completed for $104,828.
Valuation Metrics
Beta for the stock is 1.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.50, the price-to-book (PB) ratio of 0.47, and the price-to-cash flow ratio of 2.48.
Company paid $0.01 per share in dividends, remained unchanged from $0.01 last year. A $0.24 dividend decrease was reported on Friday May 5 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.90, and the total debt to equity ratio is 2.90. PacWest Bancorp’s operating margin stood at 57.00% for the same period. Based on annual data, it had gross profit of $1.29 billion and revenue of $1.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PACW’s return on assets (ROA) during the last 12 months has been -3.00%. There was a 23.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -45.00%.
Earnings Surprise
According to PacWest Bancorp’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that PacWest Bancorp’s quarterly earnings would be $0.22, but it ended up being $0.19, beating the consensus by 15.80%. At the end of PacWest Bancorp’s most recent quarter ended June 29, its total debt was $7.37 billion. Equity owned by shareholders amounts to $118.54 million.
Technical Picture
Here’s a quick look at PacWest Bancorp’s (PACW) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 34.69%, suggesting the stock is Neutral, with a 27.90% historical volatility rate.
The stochastic %K and %D were 13.95% and 23.95% respectively, while the average true range (ATR) was 0.49. Based on the 14-day stochastic reading of 5.13%, the RSI (14) reading is 42.06%. On the 9-day MACD Oscillator, the stock is at -0.38, and the 14-day reading is at -0.55.
Analyst Ratings
In its analyst report released on June 08, 2023, Odeon began covering PacWest Bancorp (NASDAQ: PACW). The stock was rated as a Hold by the brokerage firm. Analysts have assigned PacWest Bancorp (PACW) an Overweight rating. PACW is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is PACW’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.75 and $16.00, with a median target price of $12.75. In analyzing these forecasts, the average price target given by analysts for PacWest Bancorp (PACW) is $12.06.
