NEW YORK, March 21, 2017 /PRNewswire/ --
This morning, Stock-Callers.com draws attention to the following Regional Pacific Banks stocks: Western Alliance Bancorp. (NYSE: WAL), Hope Bancorp Inc. (NASDAQ: HOPE), CVB Financial Corp. (NASDAQ: CVBF), and SVB Financial Group (NASDAQ: SIVB). These firms belong to the Financials sector, which continued to lose ground during afternoon trade on Monday, March 20th, 2017, with the NYSE Financial Sector Index slipping about 0.4%, while Financial companies in the S&P 500 Index were declining about 0.3% just before the closing bell. Learn more about these stocks by downloading their free report at:
On Monday, shares in Phoenix, Arizona headquartered Western Alliance Bancorp. recorded a trading volume of 634,436 shares, which was above their three months average volume of 555,210 shares. The stock ended the session 2.33% lower at $50.80. The Company's shares have gained 3.63% over the previous three months and 4.29% on an YTD basis. The stock is trading 0.66% above its 50-day moving average and 21.89% above its 200-day moving average. Moreover, 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 a Relative Strength Index (RSI) of 47.52. The free research report on WAL is available at:
Los Angeles, California headquartered Hope Bancorp Inc.'s stock closed the day 1.51% lower at $20.19 with a total trading volume of 394,082 shares. The Company's shares are trading 11.17% above their 200-day moving average. Shares of the Company, 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 35.70.
As per a SEC filing dated March 13th, 2017, Hope Bancorp announced that on March 10th, 2017, Mark H. Lee, Senior Executive Vice President and Head of Corporate Banking of its wholly owned subsidiary Bank of Hope, tendered his resignation effective March 24th, 2017 in order to pursue another opportunity. The complimentary report on HOPE can be downloaded at:
Shares in Ontario, California headquartered CVB Financial Corp. recorded a trading volume of 262,916 shares. The stock ended yesterday's trading session 2.44% lower at $23.18. The Company's shares have advanced 3.06% in the last three months and 1.62% in the previous one year. The stock is trading above its 50-day and 200-day moving averages by 0.44% and 20.07%, respectively. Furthermore, shares of CVB Financial, which operates as a bank holding company for Citizens Business Bank that provides various banking and trust services for businesses, professionals, and individuals, have an RSI of 47.77.
On March 10th, 2017, CVB Financial announced that it has completed its merger with Valley Commerce Bancorp ("VCBP"), the holding company for Valley Business Bank, Visalia, California. The acquisition, which was first announced on September 22nd, 2016, was concluded following receipt of all required regulatory and VCBP's shareholder approvals. As of December 31st, 2016, VCBP had approximately $400 million in assets and CVB Financial had approximately $8.1 billion in assets. As a result of the merger, each holder of outstanding shares of VCBP's common stock ("Valley Shares") became entitled to receive, per Valley Share, (i) 0.5442 of a share of CVB Financial's common stock, (ii) $7.73 cash and (iii) cash in lieu of any fractional Valley Share, if any. Visit us today and download our complete research report on CVBF for free at:
Santa Clara, California headquartered SVB Financial Group's stock finished Monday's session 4.35% lower at $188.61. A total volume of 740,187 shares was traded, which was above their three months average volume of 487,650 shares. The Company's shares have advanced 2.28% in the last one month, 9.01% over the previous three months, and 9.87% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.50% and 38.34%, respectively. Additionally, shares of SVB Financial Group, which provides various banking and financial products and services, have an RSI of 49.78.
On March 15th, 2017, Noventis, Inc., a leading Fintech innovator in bill payment processing, announced the completion of $4 million of debt financing with SVB Financial Group. Noventis plans to use the new investment to further its rapidly growing processor business. Get free access to your technical report on SIVB at:
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