NEW YORK, December 9, 2016 /PRNewswire/ --
This morning, Stock-Callers.com draws investors' attention to the Regional Pacific Banks industry which includes depository institutions that operate in the Pacific region of the US. These companies provide a wide range of financial services including deposits, loans, leases, mortgages, credit cards, and ATM services. Under review are Umpqua Holdings Corp. (NASDAQ: UMPQ), PacWest Bancorp. (NASDAQ: PACW), Western Alliance Bancorp (NYSE: WAL), and SVB Financial Group (NASDAQ: SIVB). Register now and get full and free access to our downloadable research reports on these stocks at:
On Thursday, shares in Portland, Oregon headquartered Umpqua Holdings Corp. recorded a trading volume of 1.99 million shares, which was above their three months average volume of 1.94 million shares. The stock ended the day at $19.16, climbing 1.48% from the last trading session. The Company's shares have advanced 26.80% in the last one month, 23.82% in the previous three months, and 24.38% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 17.67% and 22.89%, respectively. Furthermore, shares of Umpqua Holdings, which through its subsidiaries, engages in the commercial and retail banking, and retail brokerage businesses, have a Relative Strength Index (RSI) of 76.88. Access our complete research report on UMPQ for free at:
Beverly Hills, California-based PacWest Bancorp.'s stock rose 0.78%, finishing yesterday's session at $55.34. A total volume of 868,010 shares was traded, which was higher than their three months average volume of 827,290 shares. The Company's shares have gained 30.70% in the last month, 30.88% in the previous three months, and 35.24% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 20.99% and 36.89%, respectively. Additionally, shares of PacWest, which operates as the holding company for Pacific Western Bank that provides commercial banking products and services, have an RSI of 78.93.
On November 29th, 2016, Square 1 Bank, a division of Pacific Western Bank, announced that it has provided a $3.25 million credit facility to new client InContext Solutions, a global leader in cloud-based virtual reality retail solutions. Proceeds from the facility will provide working capital as the company expands its client-base and product-line.
On December 7th, 2016, research firm Raymond James initiated an 'Outperform' rating on the Company's stock. The complimentary research report on PACW can be downloaded at:
Western Alliance Bancorp.
Shares in Phoenix, Arizona headquartered Western Alliance Bancorp ended Thursday's session 2.42% higher at $50.40. The stock recorded a trading volume of 1.07 million shares, which was above its three months average volume of 726,400 shares. The Company's shares have surged 33.12% in the last one month, 37.29% over the previous three months, and 40.55% on an YTD basis. The stock is trading 23.62% above its 50-day moving average and 39.31% above its 200-day moving average. Moreover, shares of Western Alliance, which operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada, have an RSI of 81.75.
On November 10th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $42 a share to $46 a share.
On November 18th, 2016, Western Alliance Bank announced that the founding CEO of its division, Alliance Bank of Arizona, James H. Lundy (Jim), will retire on March 31st, 2017. Don H. Garner, also a member of the organization's original management team will become the new CEO of Alliance Bank of Arizona, effective January 01st, 2017. Register for free on Stock-Callers.com and get access to the latest PDF format report on WAL at:
At the close, Santa Clara, California headquartered SVB Financial Group's stock climbed 0.76%, finishing at $170.46. A total volume of 524,469 shares was traded. The Company's shares have advanced 36.90% in the last month, 58.11% over the previous three months, and 43.36% on an YTD basis. The stock is trading 28.59% above its 50-day moving average and 55.22% above its 200-day moving average. Additionally, shares of SVB Financial Group, which provides various banking and financial products and services, have an RSI of 81.99.
On November 10th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $125 a share to $146 a share.
On December 2nd, 2016, Silicon Valley Bank, the California bank subsidiary of SVB Financial Group, announced that it has provided a $25 million revolving line of credit to A10 Networks (ATEN), a leader in application networking and security. The credit facility provides A10 Networks with access to additional working capital when needed for general corporate purposes. Download your free research report on SIVB at:
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