Recent important negative changes in fundamentals have affected PacWest Bancorp (NYSE: PACW): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Important negative changes in PacWest Bancorp (NYSE: PACW) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PACW is expected to continue to be an important Value Builder.
PacWest Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. PacWest Bancorp has a good Appreciation Score of 72 and a good Power Rating of 73, and the Highest Value Trend Rating results.
Recent Price Action
PacWest Bancorp (NYSE: PACW) stock declined slightly by -1.0% on 6/7/24. The stock closed at $13.04. However, this decline was accompanied by unusually low trading volume at 56% of normal. The stock has been strong relative to the market over the last nine months but has declined -4.7% during the last week.
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