NEW YORK, October 25, 2016 /PRNewswire/ --
Stocks-Callers.com looks at the performance of these four banking stocks following a positive trading session on Monday, October 24, 2016: Zions Bancorp. (NASDAQ: ZION), Banc of California Inc. (NYSE: BANC), Hope Bancorp Inc. (NASDAQ: HOPE), and Western Alliance Bancorp. (NYSE: WAL). Yesterday, at the closing bell, major US Indices broke out a few days of bearish influence with the NASDAQ Composite up 1.00%, the Dow Jones Industrial Average 0.43% higher, and the S&P 500 up 0.47%. Also, adding to bullish sentiment was the fact that seven out of nine sectors ended the day in positive. Download the free research reports on these stocks today:
On Monday, shares in Zions Bancorp ended the session 0.28% higher at $32.43 with a total volume of 3.50 million shares traded. Zions Bancorp.'s shares have gained 5.95% in the last one month, 22.30% in the previous three months, and 14.57% in the past one year. Shares of the Company, which provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming, are trading at a PE ratio of 19.37. The stock is trading 6.64% above its 50-day moving average and 23.07% above its 200-day moving average. Moreover, shares of the Company have a Relative Strength Index (RSI) of 65.86.
On October 11th, 2016, research firm FBR & Co. downgraded the Company's stock rating from 'Outperform' to 'Market Perform', issuing a target price of $32 per share. See our free and comprehensive research report on ZION at:
Banc of California
Irvine, California headquartered Banc of California Inc.'s stock finished Monday's session 1.59% lower at $13.03 with a total volume of 3.14 million shares traded. Shares of Banc of California, which operates as the bank holding company for Banc of California, National Association that provides banking products and services in the US, have advanced 4.41% in the past one year. The stock traded at a PE ratio of 8.56. The Company's shares are trading below its 50-day and 200-day moving averages by 33.03% and 28.82%, respectively. Banc of California's stock has an RSI of 26.95.
On October 20th, 2016, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $20 a share to $16 a share. BANC free research report PDF is just a click away at:
Los Angeles, California headquartered Hope Bancorp Inc.'s stock advanced 1.79%, to close the day at $16.51. The stock recorded a trading volume of 643,572 shares. 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 gained 6.72% in the last three months. The Company's shares are trading 6.23% above its 200-day moving average. Additionally, the stock traded at a PE ratio of 14.98 and has an RSI of 42.07. Sign up for your complimentary report on HOPE at:
Western Alliance Bancorp.
On Monday, shares in Phoenix, Arizona headquartered Western Alliance Bancorp recorded a trading volume of 852,140 shares, which was higher than their three months average volume of 641,770 shares. The stock ended the day 0.66% lower at $37.60. Shares of the Company, 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, are trading at a PE ratio of 16.23. Western Alliance Bancorp.'s stock has advanced 0.64% in the last one month, 9.02% in the previous three months, and 3.75% in the past one year. The Company is trading above its 50-day and 200-day moving averages by 1.01% and 9.56%, respectively. Furthermore, shares of Western Alliance have an RSI of 49.66. Register for free on Stock-Callers.com and download the latest research report on WAL at:
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