Pre-Market Technical Scan on Banking Equities -- PacWest, Hope Bancorp, Umpqua, and SVB Financial
NEW YORK, Dec. 20, 2017 /PRNewswire/ --In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on PACW, HOPE, UMPQ, and SIVB which is a click away at www.wallstequities.com/registration. Featured on WallStEquities.com is the Regional Pacific Banks space, which includes 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. Equities under assessment this morning are: PacWest Bancorp (NASDAQ: PACW), Hope Bancorp Inc. (NASDAQ: HOPE), Umpqua Holdings Corp. (NASDAQ: UMPQ), and SVB Financial Group (NASDAQ: SIVB). Get you free stock reports on these stock by registering now on Wall St. Equities at:
www.wallstequities.com/registration
PacWest Bancorp
On Tuesday, shares in Beverly Hills, California-based PacWest Bancorp recorded a trading volume of 938,898 shares. The stock ended the session 0.77% lower at $49.03. The Company's shares have gained 8.57% in the last one month and 2.04% over the previous three months. The stock is trading 3.96% above its 50-day moving average and 1.67% above its 200-day moving average. Moreover, 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 59.00.
On December 11th, 2017, PacWest announced that it has agreed to sell cash flow loans, with an aggregate carrying value of $1.49 billion as of November 30th, 2017, and expects to recognize a pre-tax gain of approximately $13 million. In connection with the sale of this portfolio, the Company is exiting its commercial lending origination operations related to Healthcare, Technology, and General Cash Flows, while retaining and continuing to grow its Security Cash Flow business. Get started with a complimentary subscription and access to the free report on PACW at:
www.wallstequities.com/registration/?symbol=PACW
Hope Bancorp
Los Angeles, California headquartered Hope Bancorp Inc.'s stock closed the day 1.06% lower at $18.59 with a total trading volume of 426,123 shares. The Company's shares have advanced 5.45% in the past month and 12.12% in the previous three months. The stock is trading 2.70% and 2.75% above its 50-day and 200-day moving averages, respectively. 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 54.75. Free research on HOPE can be accessed at:
www.wallstequities.com/registration/?symbol=HOPE
Umpqua Holdings
Shares in Portland, Oregon headquartered Umpqua Holdings Corp. recorded a trading volume of 1.22 million shares. The stock ended yesterday's trading session 0.60% lower at $21.40. The Company's shares have advanced 4.54% in the past month, 12.75% in the previous three months, and 13.95% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.60% and 14.60%, respectively. Furthermore, shares of Umpqua, which through its subsidiaries, engages in the commercial and retail banking, and retail brokerage businesses, have an RSI of 54.40.
On December 15th, 2017, Umpqua announced that its Board of Directors has approved a quarterly cash dividend in the amount of $0.18 per common share. The dividend is payable on January 15th, 2018, to shareholders of record as of December 29th, 2017. Visit WallStEquities.com now and sign up for the free research on UMPQ at:
www.wallstequities.com/registration/?symbol=UMPQ
SVB Financial Group
Santa Clara, California headquartered SVB Financial Group's stock finished Tuesday's session 1.01% lower at $238.23. A total volume of 545,239 shares was traded, which was above their three months average volume of 442,390 shares. The Company's shares have advanced 10.69% in the last one month, 34.43% over the previous three months, and 38.78% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 12.47% and 27.24%, respectively. Additionally, shares of SVB Financial, which provides various banking and financial products and services, have an RSI of 70.81. The free technical report on SIVB is available at:
www.wallstequities.com/registration/?symbol=SIVB
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