PacWest Bancorp (NASDAQ:PACW) shares traded lower over the last trading session, losing -0.02% on 05/28/21. The shares fell to a low of $44.215 before closing at $45.17. Intraday shares traded counted 0.55 million, which was 47.35% higher than its 30-day average trading volume of 1.05M. PACW’s previous close was $45.18 while the outstanding shares total 116.85M. The firm has a beta of 1.61, a 12-month trailing P/E ratio of 15.37, and a growth ratio of 1.54. The stock’s Relative Strength Index (RSI) is 58.05, with weekly volatility at 2.74% and ATR at 1.48. The PACW stock’s 52-week price range has touched low of $15.62 and a $46.75 high.
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 $5.28 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.
PacWest Bancorp (PACW) Fundamentals that are to be considered.
PACW were able to record 144.77 million as free cash flow during the 07/20/2021 quarter of the year, this saw their quarterly net cash flow reduce by 2.53 billion. In cash movements, the company had a total of 146.7 million as operating cash flow.
Potential earnings growth for PacWest Bancorp (PACW)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/20/2021 quarter of the year, PacWest Bancorp recorded a total of 273.34 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -6.58% coming in sequential stages and their sales for the 07/20/2021 quarter increasing by 0.42%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 12.07 million trying to sell their products during the last quarter, with the result yielding a gross income of 261.27 million. This allows shareholders to hold on to 116.85M with the recently reported earning now reading 1.27 cents per share. This is a figure that compared to analyst’s prediction for their 07/20/2021 (1.27 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.11 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 1.90%.
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 $49.55.