Zacks Upgrades First PacTrust Bancorp to Neutral (BANC)
First PacTrust Bancorp (NASDAQ:BANC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, AR Network reports. The firm currently has a $13.30 price objective on the stock. Zacks‘ price target indicates a potential upside of 2.54% from the stock’s previous close.
Separately, analysts at Davidson reiterated a “buy” rating on shares of First PacTrust Bancorp in a research note on Thursday, November 14th. They now have a $15.50 price target on the stock, down previously from $17.00. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $14.91.
First PacTrust Bancorp (NASDAQ:BANC) traded up 0.69% on Tuesday, hitting $13.06. The stock had a trading volume of 49,805 shares. First PacTrust Bancorp has a 1-year low of $10.08 and a 1-year high of $15.88. The stock’s 50-day moving average is $13.27 and its 200-day moving average is $13.59. The company’s market cap is $243.0 million.
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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