Company Shares of PacWest Bancorp (NASDAQ:PACW) Drops by -0.41%

PacWest Bancorp (NASDAQ:PACW) : During the past 4 weeks, traders have been relatively bearish on PacWest Bancorp (NASDAQ:PACW), hence the stock is down -4.39% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.67% relative to the S&P 500. The 4-week change in the price of the stock is -2.85% and the stock has fallen -0.41% in the past 1 week.

The company shares have dropped -16.84% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $48.54 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $39.82 and the 200 Day Moving Average price is recorded at $37.74.

The stock has recorded a 20-day Moving Average of 0.82% and the 50-Day Moving Average is 0.33%.


PacWest Bancorp (NASDAQ:PACW): stock turned positive on Friday. Though the stock opened at $39.3, the bulls momentum made the stock top out at $39.84 level for the day. The stock recorded a low of $39.21 and closed the trading day at $39.27, in the green by 1.47%. The total traded volume for the day was 1,134,612. The stock had closed at $38.7 in the previous days trading.

In an insider trading activity, The officer (EVP, Risk Management), of Pacwest Bancorp, Brennan Suzanne R had unloaded 20,000 shares at $40.01 per share in a transaction on April 20, 2016. The total value of transaction was $800,200. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

PacWest Bancorp is a bank holding company. The Companys business is to serve as the holding bank for its subsidiary, Pacific Western Bank (Pacific Western or the Bank). It is a commercial bank that offers banking products and services, including accepting demand, money market, and time deposits and originating loans and leases, including an array of commercial real estate loans and commercial lending products. It operates in two segments: Community Banking, which includes the operations of Pacific Western Bank, excluding the CapitalSource Division, and National Lending, which includes the lending operations gained through the CapitalSource Inc. merger, Pacific Western Equipment Finance and the CapitalSource Business Finance Group. The Bank offers products and services through its CapitalSource and Square 1 Bank divisions. The Square 1 Bank Division offers financial services focused on entrepreneurial businesses, and their venture capital and private equity investors.

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