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Sunday, December 3, 2023

Analysts Point To Pacwest Bancorp (NASDAQ: PACW) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Pacwest Bancorp (PACW) shows that investor sentiment remained same, with the stock’s consolidated last price to $8.34. The Pacwest Bancorp has recorded 36,305 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

As a NASDAQ listed company, PACW falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $8.34 and fluctuated between $8.36 as its day high and $8.12 as its day low. The current market capitalization of Pacwest Bancorp is $989.04M. A total of 3.61 million shares were traded on the day, compared to an average of 3.50M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PACW has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 20,092 shares. Over the last 12 months, there were 49 BUYs and 24 SELLs from insiders. Insiders purchased 493,903 shares during that period but sold 237,968.

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.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. PACW’s most recent ex-dividend date was 11/10/2023 when it declared a $0.01 quarterly dividend that was paid in cash on 11/27/2023. Previously, the company paid the dividend on 8/31/2023 with an ex-dividend date of 8/14/2023. The PACW stock dividend was $0.01 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PACW in the last 3 months, the mean price target is $10.33 with high estimates of $14.00 and low estimates of $8.00. 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 -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.24 per share and a lower estimate of -$0.24. The company reported an EPS of $0.22 in the last quarter, which was 15.80% higher than expectations of $0.19.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $16.03, while its Total Shareholder’s Equity was $4.00B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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