PacWest Bancorp (NYSE: PACW) has recently experienced notable negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted PacWest Bancorp (NYSE: PACW): 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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PacWest Bancorp has a slightly positive Power Rating of 69 and a good Appreciation Score of 72, triggering the Highest Value Trend Rating.
Recent Price Action
PacWest Bancorp (NYSE: PACW) stock closed at $12.70 on 6/21/24 after a slight decline of -0.9%. Moreover, this decline was accompanied by above average trading volume at 142% of normal. The stock has declined -6.1% during the last week but has been strong relative to the market over the last nine months.
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