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PacWest Bancorp (PACW) moved down -31.09% from 52 weeks low: Is it Too Late to Be Bullish?

PacWest Bancorp (NASDAQ:PACW) shares fell to a low of $41.97 before closing at $46.39. Intraday shares traded counted 1.49 million, which was -35.5% lower than its 30-day average trading volume of 1.10M. PACW’s previous close was $45.75 while the outstanding shares total 116.85M. The firm has a beta of 1.58, a 12-month trailing P/E ratio of 15.78, and a growth ratio of 1.58. The stock’s Relative Strength Index (RSI) is 68.57, with weekly volatility at 4.44% and ATR at 1.58. The PACW stock’s 52-week price range has touched low of $15.30 and a $45.76 high. The stock traded higher over the last trading session, gaining 1.40% on 05/17/21.

Investors have identified the Banks – Regional company PacWest Bancorp as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.23 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Having a look at the company’s valuation, the company is expected to record 4.06 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PACW sounds very interesting.

Is the stock of PACW attractive?

In related news, Executive Vice President, PIECZYNSKI JAMES sold 35,000 shares of the company’s stock in a transaction that recorded on May 04. The sale was performed at an average price of 43.74, for a total value of 1,530,900. As the sale deal closes, the Director, Acker Tanya M now bought 600 shares of the company’s stock, valued at 26,106. Also, Executive Vice President, PIECZYNSKI JAMES sold 15,000 shares of the company’s stock in a deal that was recorded on May 03. The shares were price at an average price of 43.62 per share, with a total market value of 654,300. Following this completion of acquisition, the EVP, Chief Credit Officer, CORSINI BRYAN M now holds 781 shares of the company’s stock, valued at 29,750. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.

8 out of 10 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on PacWest Bancorp. 0 analysts has assigned a Sell rating on the PACW stock. The 12-month mean consensus price target for the company’s shares has been set at $49.35.

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