Shares of PacWest Bancorp (PACW) Sees Large Outflow of Money

PacWest Bancorp (PACW) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($4.35 million) and the uptick to downtick ratio was 0.47. The transaction value on upticks was $3.86 million and on downticks, the transaction value was $8.21 million. The transaction value of block trades during downticks was $3.86 million. The money flow was negative ($3.86 million), indicating the traders were booking profit on the price strength. PacWest Bancorp (PACW) rose $0.45 at $38.68, during intraday Thursday , a rise of 1.18% over the previous days close.


PacWest Bancorp (PACW) : Average target price received by PacWest Bancorp (PACW) is $46.14 with an expected standard deviation of $2.91. The most aggressive target on the stock is $50, whereas the most downbeat target is $41. 7 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 0.99% and the 50-Day Moving Average is 1.83%.

PacWest Bancorp (NASDAQ:PACW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.29 and $38.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.70, notching a gain of 1.23% for the day. The total traded volume was 935,573 . The stock had closed at $38.23 on the previous day.

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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