Wells Fargo & Co. downgraded PacWest Bancorp (NASDAQ:PACW) to Market Perform in a report released today.
- Updated: October 3, 2016
Just yesterday PacWest Bancorp (NASDAQ:PACW) traded -1.10% lower at $42.44. PacWest Bancorp’s 50-day moving average is $42.53 and its 200-day moving average is $40.24. The last closing price is up 5.45% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 529,011 shares of PACW traded hands, down from an average trading volume of 722,248
Wells Fargo & Co. has downgraded PacWest Bancorp (NASDAQ:PACW) to Market Perform in a report released on Tuesday October 04, 2016.
Recent Performance Chart
PacWest Bancorp has 52 week low of $29.05 and a 52 week high of $48.00 with a PE ratio of 15.79 and has a market capitalization of $0.
In addition to Wells Fargo & Co. reporting its stock price target, a total of 9 brokers have issued a research note on the company. The average stock price target is $43.56 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On PacWest Bancorp (NASDAQ:PACW)
PacWest Bancorp is a bank holding company for Pacific Western Bank (the Bank). The Company is focused on relationship-based business banking to small, middle-market and venture-backed businesses. The Bank offers a range of loan and deposit products and services through approximately 80 branches located throughout the state of California. The Company provides commercial banking services, and deposit and treasury management services to small and middle-market businesses. It offers products and services under the brand names of Pacific Western, as well as its business groups, CapitalSource Inc. and Square 1 Bank. CapitalSource focuses on providing cash flow, asset-based, equipment and real estate loans and treasury management services to middle market businesses. Square 1 Bank focuses on providing a range of financial products to service entrepreneurial businesses and their venture capital and private equity investors.
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