For its third fiscal quarter (ending September 30), PacWest Bancorp (NYSE: BANC) has reported E.P.S. of $-0.01 compared to $-0.28 a year ago. E.P.S. were $-4.31 for the latest four quarters through September 30 versus $-11.90 for the same period a year ago.
Recent Price Action
PacWest Bancorp (NYSE: BANC) stock enjoyed a large increase of 4.2% on 10/22/24. The stock closed at $15.42. Moreover, this advance was accompanied by exceptionally high trading volume at 201% of normal. The stock has performed in line with the market over the last nine months and has risen 4.3% during the last week.
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 C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. PacWest Bancorp has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 43, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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