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NASDAQ:PACW

PacWest Bancorp (PACW) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$7.46
$8.00
50-Day Range
$6.76
$8.34
52-Week Range
$2.48
$30.07
Volume
24.72 million shs
Average Volume
12.98 million shs
Market Capitalization
$894.17 million
P/E Ratio
N/A
Dividend Yield
0.53%
Price Target
$12.39

PacWest Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
64.4% Upside
$12.39 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-11.90%
From $0.42 to $0.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.63 out of 5 stars

Finance Sector

701st out of 857 stocks

National Commercial Banks Industry

76th out of 84 stocks


PACW stock logo

About PacWest Bancorp Stock (NASDAQ:PACW)

PacWest Bancorp is a financial holding company headquartered in Los Angeles, California. The company provides banking products and services to individuals and businesses through its subsidiary, Pacific Western Bank. Founded in 1999, PacWest Bancorp has become one of the largest banks based in California, with over 75 full-service branches throughout the state. The company's mission is to provide its customers with personalized banking solutions while firmly committing to its local communities.

PacWest Bancorp is led by a team of experienced executives, including Chief Executive Officer Paul Taylor, who was elected president and CEO in 2023. Previously Mr. Taylor served as CEO of Opus Bank until PacWest Bancorp acquired it. He also had a seven-year tenure as CEO of Guaranty Bank and Trust Company, a subsidiary of Guaranty Bancorp. Another notable member of the PacWest Bancorp team is William J. Black Jr., the Vice President of Strategy and Corporate Development. Before coming to PacWest Bancorp, Mr. Black spent twelve years as the founder, managing partner, and portfolio manager of Consector Capital LP, a financial services hedge fund. 

Over the past few years, PacWest Bancorp has delivered solid financial performance, with consistent revenue growth and strong profitability. However, in Q1 of 2022, that started to change as PacWest Bancorp's stock fell quickly and significantly. This was primarily due to worries about a recession and disappointing announcements, including missed earnings numbers. The company has yet to deliver solid financial performance recently, disappointing investors and causing the stock to drop. PacWest Bancorp's market capitalization is $1.1 billion, and its price-to-earnings and price-to-book ratios are below the industry average. These valuation metrics suggest the company may be undervalued relative to its peers. The stock has not performed well recently, and the price has been relatively unstable. The one-year price range for 2022 is $46.50 as a high and $5 as a low, and this coincides with an increased trading volume reaching an average of approximately 17 million shares a day. 

PacWest Bancorp operates in the banking industry, which is highly regulated and competitive. The industry is undergoing significant transformation due to technological advancements, changing customer preferences, and increased competition from fintech companies. However, the banking industry remains a critical component of the economy, providing essential financial services to individuals and businesses.

PacWest Bancorp competes with other regional banks, such as Zions Bancorporation and Western Alliance Bancorporation, and larger national banks, such as JPMorgan Chase and Bank of America. The company's focus on personalized banking solutions and its substantial presence in California have helped it to differentiate itself from its competitors.

PacWest Bancorp is investing in technology to enhance its digital capabilities and improve the customer experience. The company recently launched a new online banking platform, which has received positive customer feedback.

Like all companies, PacWest Bancorp faces several potential risks and challenges. The company is exposed to credit, interest rates, and operational risks. In addition, the banking industry is subject to extensive regulation, which can increase compliance costs and limit growth opportunities.

PacWest Bancorp operates in a highly competitive market, which can limit its ability to attract and retain customers. The company may also face increased competition from fintech companies, disrupting traditional banking models by offering innovative digital products and services.

Another potential risk for PacWest Bancorp is the economic environment. The company's financial performance is tied closely to the economy's overall health, and a downturn could result in increased credit losses and reduced demand for banking products and services.

PacWest Bancorp's growth strategy may also need help. Expanding into new markets or pursuing acquisitions can be costly and time-consuming and may only sometimes result in success. The company must carefully evaluate potential growth opportunities and manage any associated risks.


PACW Stock News Headlines

It's Time! 3 Sorry Bank Stocks to Sell in February
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN?
Financial giants have been injecting millions into the crypto market. The big players are going all in on crypto… but what are they gearing up for? There is a significant event on the horizon that will shape the future of Bitcoin—the upcoming Bitcoin halving event…We're revealing all the secrets behind the financial elite's bold moves in crypto during our LIVE, online event.
PACWEST DEADLINE ALERT: Bragar Eagel & Squire...
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024.
The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
PacWest Bancorp declares $0.01 dividend
PacWest Bancorp Q3 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
4/26/2023
Ex-Dividend for 11/27 Dividend
11/10/2023
Dividend Payable
11/27/2023
Today
2/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:PACW
CUSIP
69526310
Employees
2,438
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$12.39
High Stock Price Target
$32.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+64.4%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$423.61 million
Pretax Margin
-71.33%

Debt

Sales & Book Value

Annual Sales
$1.63 billion
Cash Flow
$5.63 per share
Book Value
$16.03 per share

Miscellaneous

Free Float
117,105,000
Market Cap
$894.17 million
Optionable
Optionable
Beta
1.41
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PACW Stock Analysis - Frequently Asked Questions

Should I buy or sell PacWest Bancorp stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PACW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PACW, but not buy additional shares or sell existing shares.
View PACW analyst ratings
or view top-rated stocks.

What is PacWest Bancorp's stock price target for 2024?

7 brokerages have issued 12 month price objectives for PacWest Bancorp's shares. Their PACW share price targets range from $7.00 to $32.00. On average, they anticipate the company's share price to reach $12.39 in the next twelve months. This suggests a possible upside of 64.4% from the stock's current price.
View analysts price targets for PACW
or view top-rated stocks among Wall Street analysts.

How were PacWest Bancorp's earnings last quarter?

PacWest Bancorp (NASDAQ:PACW) posted its earnings results on Wednesday, April, 26th. The financial services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The financial services provider had revenue of $315.69 million for the quarter, compared to the consensus estimate of $311.72 million. PacWest Bancorp had a positive trailing twelve-month return on equity of 8.68% and a negative net margin of 65.68%. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 EPS.

How often does PacWest Bancorp pay dividends? What is the dividend yield for PacWest Bancorp?

PacWest Bancorp announced a quarterly dividend on Wednesday, November 1st. Shareholders of record on Monday, November 13th will be paid a dividend of $0.01 per share on Monday, November 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, November 10th.
Read our dividend analysis for PACW
.

Is PacWest Bancorp a good dividend stock?

PacWest Bancorp (NASDAQ:PACW) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.53%.
Read our dividend analysis for PACW.

What is Matthew P. Wagner's approval rating as PacWest Bancorp's CEO?

1 employees have rated PacWest Bancorp Chief Executive Officer Matthew P. Wagner on Glassdoor.com. Matthew P. Wagner has an approval rating of 100% among the company's employees. This puts Matthew P. Wagner in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of PacWest Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PacWest Bancorp investors own include Cisco Systems (CSCO), AT&T (T), Pfizer (PFE), Altria Group (MO), Wells Fargo & Company (WFC), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Bank of America (BAC) and JPMorgan Chase & Co. (JPM).

Who are PacWest Bancorp's major shareholders?

PacWest Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include GTS Securities LLC (0.00%), Wolverine Trading LLC (0.00%), Parallax Volatility Advisers L.P. (0.00%), HAP Trading LLC (0.00%), Citadel Advisors LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Bryan M Corsini, C William Hosler, Christopher D Blake, Daniel B Platt, James Pieczynski, Mark Yung, Matthew P Wagner, Monica L Sparks, Paul W Taylor, Rebecca H Cordes and William J Black.
View institutional ownership trends
.

This page (NASDAQ:PACW) was last updated on 2/23/2024 by MarketBeat.com Staff