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Friday, September 29, 2023

PacWest Bancorp (PACW) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for PacWest Bancorp (PACW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.24%, to $8.22. The PacWest Bancorp has recorded 78,388 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that PacWest Bancorp Announces Quarterly Dividends.

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Stocks Info

PacWest Bancorp is listed on the NASDAQ in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $8.24 and fluctuated between $8.29 as its day high and $8.00 as its day low. The current market capitalization of PacWest Bancorp is $942.41M. A total of 2.53 million shares were traded on the day, compared to an average of 10.44M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PACW has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 49 BUYs and 22 SELLs from insiders. Insiders purchased 493,903 shares during that period but sold 217,876.

In the most recent transaction, EGGEMEYER JOHN M III bought 25,000 shares of PACW for 15.33 per share on Mar 10. After the transaction, the Director now owns 28,500 company shares. In a previous transaction on Mar 10, WAGNER MATTHEW P bought 13,885 shares at 21.12 per share. PACW shares that EXECUTIVE CHAIRMAN owns now total 33,885.

Among the insiders who bought shares, BLAKE CHRISTOPHER D acquired of 6,660 shares on Mar 10 at a per-share price of $15.74. This resulted in the PRES. & CEO, COMMUNITY BANKING holding 84,779 shares of PACW after the transaction. In another insider transaction, HOSLER C WILLIAM bought 2,250 shares at $21.96 per share on Mar 10. Company shares held by the Director now total 6,000.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PACW’s most recent ex-dividend date was 8/14/2023 when it declared a $0.01 quarterly dividend that was paid in cash on 8/31/2023. Previously, the company paid the dividend on 5/31/2023 with an ex-dividend date of 5/12/2023. The PACW stock dividend was $0.01 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PACW in the last 3 months, the mean price target is $12.06 with high estimates of $16.00 and low estimates of $8.75. In terms of 52-week highs and lows, PACW has a high of $30.07 and a low of $2.48.

As of this writing, PACW has an earnings estimate of $PacWest Bancorp per share for the current quarter. EPS was calculated based on a consensus of Palo Alto Networks, Inc. estimates, with a high estimate of $Ranpak Holdings Corp per share and a lower estimate of $Pacific Biosciences of Californ.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $17.21, while its Total Shareholder’s Equity was $4.00B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PACW is Buy with a score of 3.63.

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