PacWest Bancorp (PACW) : During the past 4 weeks, traders have been relatively bearish on PacWest Bancorp (PACW), hence the stock is down -1.05% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.21% relative to the S&P 500. The 4-week change in the price of the stock is -1.58% and the stock has fallen -0.05% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.48% and the 50-Day Moving Average is 2.29%.The 200 Day SMA reached 11.84%
PacWest Bancorp (NASDAQ:PACW): After opening at $42.58, the stock dipped to an intraday low of $42.26 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.17 and the buying power remained strong till the end. The stock closed at $42.91 for the day, a gain of 1.16% for the day session. The total traded volume was 570,169. The stocks close on the previous trading day was $42.91.
PacWest Bancorp (PACW) stock is expected to deviate a maximum of $2.83 from the average target price of $46.21 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $41.
PacWest Bancorp is a bank holding company. The Companys business is to serve as the holding bank for its subsidiary, Pacific Western Bank (Pacific Western or the Bank). It is a commercial bank that offers banking products and services, including accepting demand, money market, and time deposits and originating loans and leases, including an array of commercial real estate loans and commercial lending products. It operates in two segments: Community Banking, which includes the operations of Pacific Western Bank, excluding the CapitalSource Division, and National Lending, which includes the lending operations gained through the CapitalSource Inc. merger, Pacific Western Equipment Finance and the CapitalSource Business Finance Group. The Bank offers products and services through its CapitalSource and Square 1 Bank divisions. The Square 1 Bank Division offers financial services focused on entrepreneurial businesses, and their venture capital and private equity investors.