As of Friday close, PacWest Bancorp’s (NASDAQ:PACW) stock was down -$0.04, moving down -0.52 percent to $7.66. The average number of shares traded per day over the past five days has been 2,089,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.67 fall in that time frame. In the last twenty days, the average volume was 2,462,345, while in the previous 50 days, it was 6,496,320.
Since last month, PACW stock rose 0.79%. Shares of the company fell to $7.35 on 08/23/23, the lowest level in the past month. A 52-week high of $30.07 was reached on 02/03/23 after having rallying from a 52-week low of $2.48. Since the beginning of this year, PACW’s stock price has dropped by -66.62% or -$15.29, and marked a new high 16 times. However, the stock has declined by -74.53% since its 52-week high.
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PACW stock investors should be aware that PacWest Bancorp (PACW) stock had its last reported insider trading activity 197 days ago on Mar 10. EGGEMEYER JOHN M III, the Director of the company, purchased of 25,000 shares for $15.33 on Mar 10. It resulted in a $383,250 investment by the insider. WAGNER MATTHEW P added 13,885 shares at an average price of $21.12 on Mar 10. The insider now owns 33,885 shares following the transaction. On Mar 10, PRES. & CEO, COMMUNITY BANKING BLAKE CHRISTOPHER D bought 6,660 shares at $15.74 apiece. The transaction was valued at $104,828.
Valuation Metrics
The stock’s beta is 1.45. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 0.45, and the price-to-cash flow ratio of 2.34 may also be considered.
The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01. On Friday May 5 2023, a $0.24 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.90, and the total debt-to-equity ratio was 2.90. In the year ended June 29, operating margins totaled 57.00%. Based on annual data, PACW earned $1.29 billion in gross profit and brought in $1.56 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.90%. Return on equity (ROE) for the past 12 months was -45.00%.
In PacWest Bancorp’s quarter-end financial report for June 29, it reported total debt of $6.36 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected PacWest Bancorp to report $0.19 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by 15.80%. The value of shareholders’ equity is $118.54 million.
Technical Picture
This quick technical analysis looks at PacWest Bancorp’s (PACW) price momentum. With a historical volatility rate of 35.21%, the RSI 9-day stood at 37.95% on 22 September.
With respect to its five-day moving average, the current PacWest Bancorp price is down by -8.04% percent or -$0.67. At present, PACW shares trade -0.26% below its 20-day simple moving average and -15.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.46% below its SMA50 and -68.68% below its SMA200.
Stochastic coefficient K was 24.62% and Stochastic coefficient D was 33.82%, while ATR was 0.29. Given the Stochastic reading of 11.02% for the 14-day period, the RSI (14) reading has been calculated as 41.83%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.20.
Analyst Ratings
Odeon launched its rating on PacWest Bancorp (NASDAQ: PACW) to a Hold in a note to investors on June 08, 2023. PacWest Bancorp (PACW) has been rated Overweight by analysts. According to 0 brokerage firms, PACW is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PacWest Bancorp stock as buy, with 4 recommending it as overweight.
With a median target price of $12.88, the current consensus forecast for the stock is $10.00 – $16.00. Based on these forecasts, analysts predict PacWest Bancorp (PACW) will achieve an average price target of $12.47.
