PacWest Bancorp (NYSE: PACW) stock suffered a major decline of -10.3% on 5/13/24. The shares closed at $13.52. Moreover, exceptionally high trading volume at 356% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -7.6% 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 A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PacWest Bancorp has a slightly positive Appreciation Score of 64 and a good Power Rating of 83, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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