Free Pre-Market Technical Pulse on PacWest and Three More Banking Stocks
Stock Research Monitor: BANC, HOPE, and SIVB
LONDON, UK / ACCESSWIRE / June 15, 2018/ If you want a free Stock Review on PACW sign up now at www.wallstequities.com/registration. This morning, WallStEquities.com recalls the recent performance of four Regional Pacific Banks stocks, namely, Banc of California Inc. (NYSE: BANC), Hope Bancorp Inc. (NASDAQ: HOPE), PacWest Bancorp (NASDAQ: PACW), and SVB Financial Group (NASDAQ: SIVB). These companies are part of the Financial sector, which comprises a wide range of companies and institutions that are involved with money, including businesses that provide money management, lending, investing, insuring and securities issuance, and trading services. All you have to do is sign up today for this free limited time offer by clicking the link below.
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Banc of California
Santa Ana, California headquartered Banc of California Inc.'s stock finished Thursday's session flat at $19.75 with a total trading volume of 468,298 shares. The Company's shares have advanced 5.61% in the past month. The stock is trading 3.56% above its 50-day moving average. Additionally, shares of the Company, which operates as the bank holding company for Banc of California, National Association that provides banking products and services in the US, have a Relative Strength Index (RSI) of 56.95. Get the full research report on BANC for free by clicking below at:
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Hope Bancorp
On Thursday, shares in Los Angeles, California headquartered Hope Bancorp Inc. recorded a trading volume of 534,339 shares. The stock ended the session 0.05% higher at $18.20. The Company's shares have advanced 0.28% in the last month. The stock is trading 0.88% above its 50-day moving average and 1.03% above its 200-day moving average. Moreover, shares of Hope Bancorp, which operates as the bank holding company for Bank of Hope that provides banking services primarily to small and medium-sized businesses and individuals in the US, have an RSI of 47.92.
On June 08th, 2018, Hope Bancorp announced that, in connection with the Company's previously announced offering of $200.0 million aggregate principal amount of 2.00% Convertible Senior Notes due 2038, the initial purchaser has exercised in part its previously announced over-allotment option to purchase an additional $17.5 million aggregate principal amount of 2.00% Convertible Senior Notes due 2038. The closing of the exercise of the over-allotment option occurred on June 07th, 2018. Download our actionable research report on HOPE at:
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PacWest Bancorp
Beverly Hills, California headquartered PacWest Bancorp's shares closed the day 0.64% lower at $54.25. The stock recorded a trading volume of 758,653 shares. The Company's shares have gained 0.91% in the last month, 3.69% over the previous three months, and 10.62% over the past year. The stock is trading 3.55% and 8.24% above its 50-day and 200-day moving averages, respectively. Additionally, shares of PacWest Bancorp, which operates as the holding company for Pacific Western Bank, a state-chartered bank that provides commercial banking products and services, have an RSI of 54.12.
On June 05th, 2018, Square 1 Bank, a division of Pacific Western Bank which is a wholly owned banking subsidiary of PacWest Bancorp, announced that it has provided a $20.5 million credit facility to existing client Recursion Pharmaceuticals, an innovative biotechnology company specializing in artificial intelligence enabled drug discovery. Proceeds from the facility will support continued growth initiatives. Register for your free report coverage on PACW at:
www.wallstequities.com/registration/?symbol=PACW
SVB Financial Group
Shares in Santa Clara, California headquartered SVB Financial Group finished 1.20% lower at $316.49. The stock recorded a trading volume of 416,446 shares. The Company's shares have advanced 21.83% in the previous three months and 73.36% over the past year. The stock is trading above its 50-day and 200-day moving averages by 8.01% and 31.84%, respectively. Furthermore, shares of SVB Financial, which provides various banking and financial products and services, have an RSI of 57.21.
On June 04th, 2018, Silicon Valley Bank, the California bank subsidiary of SVB Financial Group, announced the expansion of its Portland, Oregon team. The Company hired technology executive Jane Ullman as Managing Director to support Oregon's innovation economy and lead its local banking team. The Company also recently added a local wine team to continue serving Oregon's premium wineries. Get the free research report on SIVB at:
www.wallstequities.com/registration/?symbol=SIVB
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