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:
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:
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:
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:
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:
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