 is a prominent bank holding company renowned for its comprehensive financial and banking solutions.){kind=link}
- Â Â PACW stock has a Free Cash Flow of -16%.
- Â Â PacWest Bancorp has a share float of 116.14 Million.
PacWest Bancorp (NASDAQ: PACW) is a prominent bank holding company renowned for its comprehensive financial and banking solutions. The company excels in providing a wide array of commercial banking services, encompassing real estate and construction, among others.
PACW stock is currently experiencing a downward trend, marked by a formation of lower highs, which is indicative of a strong bearish momentum.
PACW stock is currently trading at $7.67 and the price has declined by 3.03% in today’s market session. The free cash flow of PACW stock declined by around 6% YoY, whereas the OCF declined by 23.6%. For Q2 2023, the price to book value of the stock is 0.42.
The stock is currently trading within a narrow range. If the price breaks below the $7.3 support level, a further decline may be expected in the upcoming days. Notably, the stock declined 66% in the previous year.
As reflected in the income statement, the yearly profit margin percentage for PacWest Bancorp is declining along with the revenue. The chart shows a declining orange line representing the profit margin for 2022, further indicating weakness.
According to the technical summary tool, PacWest Bancorp’s stock suggests a strong sell signal. Among the 26 total indicators, 14 gave a ‘sell’ signal in the daily timeframe, underscoring a weak outlook and the potential for further decline in the price.
Notably, PacWest Bancorp’s dividend payout ratio is -7.16%. A dividend payout ratio of -7.16% suggests that the company is paying out more in dividends than it earns in net income.
PacWest Bancorp. (PACW) Technical Analysis
​​PACW by writer50_tcr on TradingView.com
The MACD line for PACW stock is at -0.1, and the signal line is at -0.107. The MACD line is below the signal line and this is a negative indicator. Additionally, the formation of a red histogram in the charts is easily identifiable. Thus, the price might decline further in the upcoming days.
The RSI line for PACW stock is trading below the SMA line. Both lines are in the negative region. This increases the probability of the price decline in the upcoming days.
Conclusion
As per the analysis, the PacWest Bancorp (PACW) stock price is moving downward. The stock has given a return of more than -66 % in a year. Additionally, the stock’s dividend payout is negative, which shows that the company is burning its earnings. The indicators are also giving a weak signal. Hence, the price is likely to decline in the upcoming days.
Technical Levels
- Â Â Â Support Level: $7.3
- Â Â Â Resistance Level: $8.4
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
