Today, the EVP of Pacwest Bancorp (NASDAQ: PACW), James Pieczynski, sold shares of PACW for $3.07M.
Following James Pieczynski’s last PACW Sell transaction on February 24, 2016, the stock climbed by 22.4%. In addition to James Pieczynski, 3 other PACW executives reported Sell trades in the last month.
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Based on Pacwest Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $316 million and quarterly net profit of $117 million. In comparison, last year the company earned revenue of $283 million and had a net profit of $77.67 million. The company has a one-year high of $54.86 and a one-year low of $43.08. PACW’s market cap is $6.48B and the company has a P/E ratio of 16.01.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $60.33, reflecting a -13.8% downside.
In the last 30 days, insiders have sold $3.94M worth of PACW shares and purchased $104.5K worth of PACW shares. The insider sentiment on Pacwest Bancorp has been neutral according to 57 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
James Pieczynski’s trades have generated a 18.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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PacWest Bancorp is a bank holding company that specializes in financial and banking solutions. Through the Pacific Western Bank, it offers commercial banking services, including real estate, construction, commercial loans, comprehensive deposit, and treasury management services to small and middle-market businesses.
