How These Banking Stocks are Faring? -- PacWest Bancorp, Western Alliance Bancorp, SVB Financial, and Hope Bancorp
NEW YORK, May 9, 2017 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on: PacWest Bancorp (NASDAQ: PACW), Western Alliance Bancorp. (NYSE: WAL), SVB Financial Group (NASDAQ: SIVB), and Hope Bancorp Inc. (NASDAQ: HOPE). Regional Pacific Banks are depository institutions that operate in the Pacific region of a country. These banks provide a wide range of financial services including, deposits, loans, leases, mortgages, credit cards, and ATM services. Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
PacWest Bancorp
On Monday, shares in Beverly Hills, California-based PacWest Bancorp recorded a trading volume of 680,280 shares. The stock ended at $50.86, up 1.09% from the last trading session. The Company's shares are trading above their 200-day moving average by 4.87%. Furthermore, shares of PacWest, which operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services, have a Relative Strength Index (RSI) of 49.30.
On April 24th, 2017, research firm Stephens Inc. upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'.
On May 01st, 2017, PacWest announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per common share. The cash dividend is payable on May 31st, 2017 to stockholders of record at the close of business on May 22nd, 2017. Access our complete research report on PACW for free at:
http://stock-callers.com/registration/?symbol=PACW
Western Alliance Bancorp.
Phoenix, Arizona headquartered Western Alliance Bancorp.'s stock finished yesterday's session 0.02% lower at $48.68 with a total trading volume of 501,684 shares. The Company's shares have gained 1.21% in the last one month. The stock is trading above its 200-day moving average by 10.56%. Furthermore, shares of Western Alliance, which operates as the holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada, have an RSI of 51.05.
On May 04th, 2017, Western Alliance announced that effective July 10th, 2017, Kenneth Vecchione will return to the Company as President. Mr. Vecchione will join Robert Sarver, Chairman and CEO, along with Dale Gibbons, CFO, and Jim Haught, COO, in the executive suite at Western Alliance. The complimentary research report on WAL can be downloaded at:
http://stock-callers.com/registration/?symbol=WAL
SVB Financial
At the close of trading on Monday, shares in Santa Clara, California headquartered SVB Financial Group rose 0.71%, ending the day at $183.94. The stock recorded a trading volume of 365,048 shares. The Company's shares have advanced 1.00% in the last one month, 4.50% in the previous three months, and 7.15% since the start of this year. The stock is trading 22.36% above its 200-day moving average. Moreover, shares of SVB Financial, which provides various banking and financial products and services, have an RSI of 50.00.
On April 11th, 2017, research firm FIG Partners initiated an 'Outperform' rating on the Company's stock, with a target price of $200 per share.
On April 27th, 2017, SVB Financial Group has released its financial results for the quarter ended March 31st, 2017. Consolidated net income available to common stockholders was $101.5 million, or $1.91 per diluted common share. Average loan balances for Q1 2017 were $20.1 billion, period-end loan balances were $20.4 billion, average fixed-income investment securities were $21.2 billion, and average total client funds were $86.1 billion. Register for free on Stock-Callers.com and get access to the latest PDF format report on SIVB at:
http://stock-callers.com/registration/?symbol=SIVB
Hope Bancorp
Los Angeles, California headquartered Hope Bancorp Inc.'s shares ended the day 0.16% lower at $18.88 with a total trading volume of 450,207 shares. The stock has gained 0.94% in the last month. The Company's shares are trading 1.17% above their 200-day moving average. Additionally, shares of Hope Bancorp, which operates as the bank holding company for Bank of Hope that provides commercial banking services primarily to small- to medium-sized businesses and individuals in the US, have an RSI of 48.64.
On May 02nd, 2017, research firm FIG Partners upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On May 05th, 2017, Hope Bancorp announced that CFO Douglas Goddard will be representing the Company at the D.A. Davidson & Company 19th Annual Financial Institutions Conference on Wednesday, May 10th, 2017, in Denver. The Company's presentation to institutional investors is scheduled for 1:05 p.m. ET. Download your free research report on HOPE at:
http://stock-callers.com/registration/?symbol=HOPE
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article