First PacTrust Bancorp (NASDAQ:BANC) was downgraded by Zacks from an “outperform” rating to an “underperform” rating in a research note issued on Wednesday, StockRatingsNetwork.com reports. They currently have a $10.40 price target on the stock. Zacks‘ price target indicates a potential downside of 16.80% from the stock’s previous close.
A number of other analysts have also recently weighed in on BANC. Analysts at DA Davidson cut their price target on shares of First PacTrust Bancorp from $17.00 to $15.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Analysts at Sterne Agee downgraded shares of First PacTrust Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. First PacTrust Bancorp presently has an average rating of “Hold” and a consensus price target of $14.41.
Shares of First PacTrust Bancorp (NASDAQ:BANC) traded up 0.40% during mid-day trading on Wednesday, hitting $12.55. The stock had a trading volume of 188,038 shares. First PacTrust Bancorp has a 52-week low of $10.08 and a 52-week high of $15.88. The stock has a 50-day moving average of $13.85 and a 200-day moving average of $13.6. The company’s market cap is $224.5 million.
First PacTrust Bancorp (NASDAQ:BANC) last released its earnings data on Friday, November 8th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.82. During the same quarter last year, the company posted $0.79 earnings per share. On average, analysts predict that First PacTrust Bancorp will post $0.22 earnings per share for the current fiscal year.
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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