NEW YORK, January 24, 2017 /PRNewswire/ --

Stock-Callers.com has initiated coverage on four Regional Pacific Banks, namely: Zions Bancorp. (NASDAQ: ZION), Banc of California Inc. (NYSE: BANC), Umpqua Holdings Corp. (NASDAQ: UMPQ), and PacWest Bancorp. (NASDAQ: PACW). These companies belong to the Financials sector, which was mostly lower on Monday, January 23rd, 2017, with the NYSE Financials Sector Index falling about 0.5%, while financial companies in the S&P 500 Index were dropping about 0.8%. Learn more about these stocks by accessing their free research reports at:

http://stock-callers.com/registration

Zions  

On Monday, shares in Salt Lake City, Utah headquartered Zions Bancorp recorded a trading volume of 2.63 million shares. The stock ended the day at $42.31, declining 0.35% from the last trading session. The Company's shares have advanced 31.44% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.82% and 34.68%, respectively. Furthermore, shares of Zions, which provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming, have a Relative Strength Index (RSI) of 49.40.

On January 11th, 2017, research firm UBS upgraded the Company's stock rating from 'Sell' to 'Neutral' while revising its previous target price from $37 a share to $46 a share.

On January 23rd, 2017, Zions reported net earnings applicable to common shareholders for Q4 2016 of $125.0 million, or $0.60 per diluted common share, compared to net earnings applicable to common shareholders of $88.2 million, or $0.43 per diluted common share, for Q4 2015. Annual net earnings applicable to the Company's common shareholders for 2016 was $411.3 million, or $1.99 per diluted common share, compared to $246.6 million, or $1.20 per diluted common share, for 2015. Free research report on ZION is available at:

http://stock-callers.com/registration/?symbol=ZION Banc of California  

Irvine, California headquartered Banc of California Inc.'s stock saw a drop of 9.29%, finishing yesterday's session at $14.65. A total volume of 6.48 million shares was traded, above their three months average volume of 1.39 million shares. The Company's shares have gained 7.33% in the previous three months. The stock is trading below its 50-day moving average by 8.68%. Additionally, shares of Banc of California, which operates as the bank holding company for Banc of California, National Association that provides banking products and services in the US, have an RSI of 28.08.

On January 23rd, 2017, Banc of California announced that Robert D. Sznewajs, current Chair of the Joint Audit Committee of the Board of Directors, will assume the role of Chairman of the Board. The Board is undertaking a search to identify the best internal or external candidate to lead the Company. This follows Steven Sugarman's resignation from his role as Chairman and CEO.

Yesterday, research firm FIG Partners upgraded the Company's stock rating from 'Underperform' to 'Market Perform'. The complimentary research report on BANC can be downloaded at: http://stock-callers.com/registration/?symbol=BANC Umpqua  

Shares in Portland, Oregon headquartered Umpqua Holdings Corp. ended Monday's session 1.53% lower at $18.01. The stock recorded a trading volume of 1.41 million shares. The Company's shares have gained 17.47% in the previous three months. The stock is trading 12.76% above its 200-day moving average. Moreover, shares of Umpqua Holdings, which through its subsidiaries, engages in the commercial and retail banking, and retail brokerage businesses, have an RSI of 42.33.

On December 23rd, 2016, Umpqua Holdings, parent company of Umpqua Bank and Umpqua Investments, announced that it will host its Q4 2016 earnings conference call on January 26th, 2017, at 10:00 a.m. PT. During the call, the Company will provide an update on recent activities and discuss its Q4 2016 and full year 2016 financial results, which are expected to be released after the market closes on January 25th, 2017. Visit us today and access our complete research report on UMPQ at:

http://stock-callers.com/registration/?symbol=UMPQ PacWest  

At the close, Beverly Hills, California-based PacWest Bancorp.'s stock rose 0.04%, finishing at $53.49. A total volume of 418,123 shares was traded. The Company's shares have gained 28.98% over the previous three months. The stock is trading 1.14% above its 50-day moving average and 23.47% above its 200-day moving average. Additionally, shares of PacWest, which operates as the holding company for Pacific Western Bank that provides commercial banking products and services, have an RSI of 47.87.

On January 19th, 2017, PacWest announced net earnings for Q4 2016 of $85.6 million, or $0.71 per diluted share, compared to net earnings for Q3 2016 of $93.9 million, or $0.77 per diluted share. Net earnings for full year 2016 were $352.2 million, or $2.90 per diluted share, compared to net earnings for full year 2015 of $299.6 million, or $2.79 per diluted share. During Q4 2016, the Company's net interest income increased by $13.7 million to $248.3 million. Get free access to your research report on PACW at:

http://stock-callers.com/registration/?symbol=PACW

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA(R) charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer

        
         
        CONTACT 
        For any questions, inquiries, or comments reach out to us directly. If you're a company
         we are covering and wish to no longer feature on our coverage list contact us via
         email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: 
        Email: info@stock-callers.com 
        Phone number:  +44 330 808 3765 
        Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2
         1BP 

 

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA