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PacWest Bancorp (PACW) Is Now En Route to Higher Prices

PacWest Bancorp (NASDAQ: PACW) is 12.51% higher on its value in year-to-date trading and has touched a low of $21.29 and a high of $51.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PACW stock was last observed hovering at around $24.69 in the last trading session, with the day’s gains setting it 1.13%.

Currently trading at $25.82, the stock is 10.85% and 5.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 4.58% at the moment leaves the stock -5.77% off its SMA200. PACW registered -46.44% loss for a year compared to 6-month loss of -3.84%.

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The stock witnessed a 16.62% gain in the last 1 month and extending the period to 3 months gives it a 15.01%, and is 5.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.42% over the week and 2.88% over the month.

PacWest Bancorp (PACW) has around 2200 employees, a market worth around $2.88B and $1.40B in sales. Current P/E ratio is 5.96 and Fwd P/E is 6.81. Profit margin for the company is 36.40%. Distance from 52-week low is 21.28% and -50.16% from its 52-week high. The company has generated returns on investments over the last 12 months (21.60%).

PacWest Bancorp is expected to release its quarterly report on 04/18/2023.The EPS is expected to grow by 148.00% this year.

PacWest Bancorp (PACW) Top Institutional Holders

The shares outstanding are 117.79M, and float is at 115.67M with Short Float at 4.22%.

PacWest Bancorp (PACW) Insider Activity

A total of 8 insider transactions have happened at PacWest Bancorp (PACW) in the last six months, with sales accounting for 5 and purchases happening 3 times. The most recent transaction is an insider sale by WAGNER MATTHEW P,the company’sCEO. SEC filings show that WAGNER MATTHEW P sold 17,725 shares of the company’s common stock on Dec 09 at a price of $24.18 per share for a total of $0.43 million. Following the sale, the insider now owns 0.99 million shares.

PacWest Bancorp disclosed in a document filed with the SEC on Nov 25 that WAGNER MATTHEW P (CEO) sold a total of 66,659 shares of the company’s common stock. The trade occurred on Nov 25 and was made at $26.24 per share for $1.75 million. Following the transaction, the insider now directly holds 1.0 million shares of the PACW stock.

Still, SEC filings show that on Jun 06, TAYLOR PAUL W (Director) acquired 8,000 shares at an average price of $25.00 for $0.2 million. The insider now directly holds 8,000 shares of PacWest Bancorp (PACW).

PacWest Bancorp (PACW): Who are the competitors?

The company’s main competitors (and peers) include SVB Financial Group (SIVB) that is trading -53.90% down over the past 12 months and United Security Bancshares (UBFO) that is -0.99% lower over the same period. Wells Fargo & Company (WFC) is -18.13% down on the 1-year trading charts.

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