For its second fiscal quarter (ending June 30), PacWest Bancorp (NYSE: PACW) has reported E.P.S. of $0.12 compared to $-1.75 a year ago. This performance was $-0.09 short of the consensus estimate of $0.21. For the latest four quarters through June 30, E.P.S. were $-4.73 compared to $-10.61 a year ago.
Recent Price Action
PacWest Bancorp (NYSE: PACW) stock closed at $13.83 on 7/23/24 after a large decline of -5.8%. Moreover, trading volume in this decline was exceptionally high at 227% of normal. The stock has declined -0.9% during the last week but has been strong relative to the market over the last nine months.
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 B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. PacWest Bancorp has a neutral Power Rating of 59 and a slightly positive Appreciation Score of 69, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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