Pacwest Bancorp (NASDAQ:PACW) finished Friday with an addition of $0.15 to close at $7.91, an upside of 1.93 percent. An average of 2,639,660 shares of common stock have been traded in the last five days. There was a gain of $0.25 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 2,684,785 shares traded, while the 50-day average volume stands at 5,364,206.
PACW stock has decreased by -1.49% in the last month. The company shares reached their 1-month lowest point of $7.52 on 09/26/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $2.48 and a high of $30.07 in 52 weeks. It has reached a new high 16 times so far this year and lost -65.53% or -$15.04 in price. In spite of this, the price is down -73.69% 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 295 days ago on Mar 10. In this transaction, the insider spent $428,590. CEO, WAGNER MATTHEW P, disposed of 66,659 shares at a price of $26.24 on Nov 25. The insider now owns more than $1,748,919 worth of shares.
Valuation Metrics
Pacwest Bancorp (PACW) stock’s beta is 1.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.50, the price-to-book (PB) ratio at 0.46, and the price-to-cash flow ratio at 2.36.
The company has a payout ratio of 29.10%. The company’s most recent quarterly dividend payment was $0.01 a share, without any change from last year. Its latest decrease dividend $0.24 reported on Friday May 5 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 2.91 for the quarter ending June 29. Its gross profit as reported stood at $1.29 billion compared to revenue of $1.56 billion.
Earnings Surprise
For the three-month period that ended June 29, Pacwest Bancorp had $6.36 billion in total debt. The analyst consensus anticipated Pacwest Bancorp’s latest quarter earnings to come in at $0.19 per share, but it turned out to be $0.22, a 15.80% surprise. At the end of the quarter ending June 29, Pacwest Bancorp’s stock balance sheet showed total debt was $7.37 billion. Shareholders own equity worth $118.54 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 29 September was 51.39%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.65%.
As of today, PACW’s price is $7.77 +3.26% or $0.25 from its 5-day moving average. PACW is currently trading -0.50% lower than its 20-day SMA and +32.50% higher than its 100-day SMA. However, the stock’s current price level is -20.50% below the SMA50 and -68.14% below the SMA200.
The stochastic %K and %D were 31.40% and 26.49%, respectively, and the average true range (ATR) was 0.30. With the 14-day stochastic at 45.35% and the average true range at 0.32, the RSI (14) stands at 48.80%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.13.
Analyst Ratings
Odeon launched coverage on Pacwest Bancorp (NASDAQ: PACW) in its analyst report released on June 08, 2023. The firm assigned the stock a Hold rating. 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 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 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 $8.00 and $16.00, with a median target of $12.88. Taking a look at these predictions, the average price target given by analysts for Pacwest Bancorp (PACW) stock is $11.97.
