In the past 52-week period, shares of PacWest Bancorp (NASDAQ:PACW) have moved within the range of $41.28 to $57.53. On the stock’s most recent trading day, the company’s shares ended the regular session at $48.68, which is 15.38% lower than its 52-week high.
PacWest Bancorp (PACW) has demonstrated a 20-day simple moving average (SMA) of -0.29%, and a 50-day SMA of 3.86%. This public company’s current market capitalization stands at $5.72 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
When considering entering a position, it is crucial to understand the average enthusiasm level expressed by Wall Street analysts for that particular stock. According to the latest data, the consensus recommendation for PacWest Bancorp (PACW) is Outperform.
Publicly-traded organizations typically post revenue and earnings results that fall either above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, PacWest Bancorp (PACW) delivered a 2.38% surprise with its net revenue. Sales reached $0.27 billion during the three-month period, compared to the average analyst estimate of $0.28 billion.
Meanwhile, during the same quarter PacWest Bancorp (PACW) delivered a 11.44% earnings surprise. Net earnings for the quarter were posted at $0.84 per share, whereas Wall Street had forecast $0.75 per share.
Ownership at PacWest Bancorp (PACW), According to Most Recent SEC Filings
We can find critical insight by examining institutional ownership, which are reported in public companies’ most recent 13F filings. PacWest Bancorp (PACW) has 0.12 billion shares outstanding currently, 96.92% of which belong to institutional investors. Those institutional holdings amount to $5.69 billion.
Additionally, according to the most recent 13F filing from PacWest Bancorp (PACW), there were 52 new positions totaling 4,499,317 shares of the company’s stock. There were 53 sold out positions, on the other hand, totaling 1,270,464 shares.