Rocket

Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>The PACW stock showed a positive performance of 7.76% over the last week.</a></li>
 <li><span>2</span> <a>PacWest Bancorp (NASDAQ: PACW) stock’s 52-week price range is between $2 – $30.</a></li>
</ul>
<p>The PACW stock has a CMP of $8.05 and an intraday loss of 2.94%. The PACW stock’s average volume for the last 10 days is 3.004 Million and its current volume is 4.063 Million. The stock has a float of 116.147 Million shares and a market cap of $954.269 Million.</p>
<p>The stock’s latest quarterly earnings report for the period ending June 2023, displayed a revenue of $409.83 Million, with a net income of negative $197.33 Million, and a profit margin from the last quarter of negative 48.15%. This quarter, the PACW reported revenue missed analysts’ estimates by $84.468 Million (59.29%).</p>
<p>Moreover, the stock reported an EPS of -$1.75 for the period ending June 2023, beating the analysts’ estimate of -$1.712 by 145.90%. The next quarter’s revenue is estimated to be $27.095 Million and the estimated EPS of $0.04. The report will be released on October 24th, 2023.</p>
<p>PACW stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $38.34 Billion and total liabilities of $35.80 Billion. The PACW debt-to-assets ratio is at 93.39%.</p>
<p>The PACW stock’s dividend yield for the TTM is 6.46% and its last dividend payment was $0.01 per share. The last ex-dividend date was August 14th, 2023 and its payout ratio is -7.16%.&nbsp;</p>
<p>In the case of PACW stock, the payout ratio is negative, which implies that the organization is paying out more than its earnings as dividends. Hence, this could indicate that PacWest Bancorp is using its cash reserves or might be borrowing money to maintain its dividend payments, which could be a sign of financial distress or a temporary situation.</p>
<h2 class="wp-block-heading" id="strong-pacw-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>PACW Stock Price Technical Analysis in 1-D Timeframe</strong></h2>
<p>According to PacWest Bancorp (NASDAQ: PACW), the stock price has been rising since September 2020, when PACW rallied from the $16 support level by making higher highs and lows and reached $51 in February 2022.&nbsp;</p>
<p>But at a high, it faced resistance as investors took profit booking and PACW started giving negative quarterly reports streaks, the stock fell drastically and showed poor performance on charts and the price declined from $51 to $2.</p>
<p>However, the stock has shown a recovery sign as the PACW price took support at a crucial level of around $4 on the charts in the first week of May 2023. At the time of publishing, the stock is trading above major EMAss and showed positivity in the last intraday session.</p>
<p>Therefore, if buyers boost more the <a href="https://www.thecoinrepublic.com/2023/10/03/pacw-stock-will-pacwest-bancorp-stock-break-the-level-of-8-52/" target="_blank" rel="noopener noreferrer nofollow">PACW</a> stock might surge strongly from the current level and surge above the previous swing high. The possible targets are between $10 and $12.</p>
<p>On the contrary, if PACW stock fails to hold its grip and continuously declines and breaches below $7, it may hit $4.</p>
<p>At the time of writing, PACW stock is trading above 20 and 50 EMAs.</p>
<p>The MACD in PACW stock shows a bullish cross where the MACD is -0.0409. The RSI is at 55.58 and took support on 14 SMA which is at 46.21. The indicators in PACW stock suggest bullish signals on the charts.</p>
<p>In addition, the stock ratings for stock are <a href="https://www.thecoinrepublic.com/2023/10/03/pacw-stock-will-pacwest-bancorp-stock-break-the-level-of-8-52/" rel="noopener noreferrer nofollow">positive</a> and highly recommended based on 8 analysts who have evaluated the stock in the last three months. The 1-year price forecast for the stock by 7 analysts ranges between $8.00 to $14.00.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1461" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-547.png" alt="PACW Stock Forecast: Can (NASDAQ: PACW) Sky Rocket Soon To $15?" class="wp-image-176725" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-547.png 1461w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-547-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-547-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-547-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-547-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-547-1140x661.png 1140w" sizes="(max-width: 1461px) 100vw, 1461px">
  <figcaption class="wp-element-caption">
   Source: PACW.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1461" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-546.png" alt="PACW Stock Forecast: Can (NASDAQ: PACW) Sky Rocket Soon To $15?" class="wp-image-176724" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-546.png 1461w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-546-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-546-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-546-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-546-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-546-1140x661.png 1140w" sizes="(max-width: 1461px) 100vw, 1461px">
  <figcaption class="wp-element-caption">
   Source: PACW.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The technical analysis tools of the PacWest stock price highlight upward signals and support bullishness. PacWest Bancorp (NASDAQ: PACW) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a higher highs and lows formation in PACW stock showing signs of a more bullish outlook at the time of publishing.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $7 and $4</p>
<p><strong>Resistance Levels</strong>: $10 and $14</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

PACW Stock Forecast: Can (NASDAQ: PACW) Sky Rocket Soon To $15?

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