PacWest Bancorp (NASDAQ: PACW) is -50.11% lower on its value in year-to-date trading and has touched a low of $5.00 and a high of $46.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PACW stock was last observed hovering at around $11.37 in the last trading session, with the day’s gains setting it 0.08% off its average median price target of $30.00 for the next 12 months. It is also 65.3% off the consensus price target high of $33.00 offered by 10 analysts, but current levels are 57.59% higher than the price target low of $27.00 for the same period.
Currently trading at $11.45, the stock is -52.22% and -54.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 81.58 million and changing 0.70% at the moment leaves the stock -55.73% off its SMA200. PACW registered -73.98% loss for a year compared to 6-month gain of -55.46%.
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The stock witnessed a -58.20% loss in the last 1 month and extending the period to 3 months gives it a -53.38%, and is -42.43% down 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 59.11% over the week and 17.49% over the month.
PacWest Bancorp (PACW) has around 2438 employees, a market worth around $2.17B and $1.56B in sales. Current P/E ratio is 3.39 and Fwd P/E is 3.15. Profit margin for the company is 25.50%. Distance from 52-week low is 129.00% and -75.56% from its 52-week high. The company has generated returns on investments over the last 12 months (23.90%).
PacWest Bancorp (PACW) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for PacWest Bancorp (PACW) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.40, where 5 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
PacWest Bancorp is expected to release its quarterly report on 04/18/2023.The EPS is expected to shrink by -33.80% this year
PacWest Bancorp (PACW) Top Institutional Holders
The shares outstanding are 117.81M, and float is at 115.67M with Short Float at 3.58%.
PacWest Bancorp (PACW) Insider Activity
A total of 24 insider transactions have happened at PacWest Bancorp (PACW) in the last six months, with sales accounting for 6 and purchases happening 18 times. The most recent transaction is an insider purchase by EGGEMEYER JOHN M III, the company’s Director. SEC filings show that EGGEMEYER JOHN M III bought 25,000 shares of the company’s common stock on Mar 10 at a price of $15.33 per share for a total of $0.38 million. Following the purchase, the insider now owns 28500.0 shares.
PacWest Bancorp disclosed in a document filed with the SEC on Mar 10 that WAGNER MATTHEW P (EXECUTIVE CHAIRMAN) bought a total of 13,885 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $21.12 per share for $0.29 million. Following the transaction, the insider now directly holds 33885.0 shares of the PACW stock.
Still, SEC filings show that on Mar 10, BLAKE CHRISTOPHER D (PRES. & CEO, COMMUNITY BANKING) acquired 6,660 shares at an average price of $15.74 for $0.1 million. The insider now directly holds 84,779 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 -89.18% down over the past 12 months and United Security Bancshares (UBFO) that is -21.41% lower over the same period. Wells Fargo & Company (WFC) is -21.57% down on the 1-year trading charts.