First PacTrust Bancorp Upgraded to Outperform by Zacks (BANC)
First PacTrust Bancorp (NASDAQ:BANC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, Analyst Ratings Network reports. The firm currently has a $16.70 price objective on the stock. Zacks‘ price target suggests a potential upside of 26.52% from the company’s current price.
A number of other firms have also recently commented on BANC. Analysts at Wunderlich raised their price target on shares of First PacTrust Bancorp from $14.00 to $17.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of First PacTrust Bancorp from $14.00 to $15.00 in a research note to investors on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.96.
First PacTrust Bancorp (NASDAQ:BANC) traded down 1.27% during mid-day trading on Tuesday, hitting $13.20. The stock had a trading volume of 57,618 shares. First PacTrust Bancorp has a one year low of $10.08 and a one year high of $15.88. The stock’s 50-day moving average is $13.66 and its 200-day moving average is $13.23. The company has a market cap of $237.8 million and a price-to-earnings ratio of 14.84.
First PacTrust Bancorp, Inc is a multi-bank holding company. The Company provides commercial, residential and consumer banking and related financial services through approximately 19 banking offices located in Los Angeles, Orange, San Diego and Riverside, California, and 23 loan production offices in California, Arizona, Oregon and Washington.
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