PacWest Bancorp (PACW) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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.

10 brokers have issued 12 month price objectives for PacWest Bancorp's shares. Their PACW share price forecasts range from $8.00 to $35.00. On average, they expect the company's share price to reach $20.42 in the next year. This suggests a possible upside of 134.7% from the stock's current price.
View analysts price targets for PACW or view top-rated stocks among Wall Street analysts.

PacWest Bancorp's stock was trading at $22.95 at the beginning of 2023. Since then, PACW stock has decreased by 62.1% and is now trading at $8.70.
View the best growth stocks for 2023 here.

PacWest Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 27,850,000 shares, an increase of 41.1% from the April 30th total of 19,740,000 shares. Based on an average daily trading volume, of 29,040,000 shares, the short-interest ratio is presently 1.0 days. Currently, 24.1% of the shares of the stock are short sold.
View PacWest Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our PACW earnings forecast.

PacWest Bancorp (NASDAQ:PACW) issued its quarterly earnings results on Wednesday, April, 26th. The financial services provider reported $0.66 earnings per share for the quarter, topping 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 negative net margin of 48.43% and a positive trailing twelve-month return on equity of 14.46%. PacWest Bancorp's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 earnings per share.

PacWest Bancorp declared a quarterly dividend on Friday, May 5th. Shareholders of record on Monday, May 15th will be given a dividend of $0.01 per share on Wednesday, May 31st. This represents a $0.04 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for PACW.

ETFs with the largest weight of PacWest Bancorp (NASDAQ:PACW) stock in their portfolio include Roundhill MEME ETF (MEME), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), Invesco KBW Regional Banking ETF (KBWR), First Trust Financial AlphaDEX Fund (FXO), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Direxion Daily Regional Banks Bull 3X Shares (DPST) and Invesco S&P SmallCap Financials ETF (PSCF).

PacWest Bancorp (NASDAQ:PACW) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.44%.
Read our dividend analysis for PACW.

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.

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).

PacWest Bancorp trades on the NASDAQ under the ticker symbol "PACW."

PacWest Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.85%), State Street Corp (7.69%), Dimensional Fund Advisors LP (3.36%), FMR LLC (2.27%), Fisher Asset Management LLC (2.13%) and Two Sigma Advisers LP (1.54%). 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.
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Shares of PACW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PACW stock can currently be purchased for approximately $8.70.

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $1.03 billion and generates $1.63 billion in revenue each year. The financial services provider earns $423.61 million in net income (profit) each year or ($7.85) on an earnings per share basis.

The company employs 2,438 workers across the globe.

PacWest Bancorp's mailing address is 9701 Wilshire Boulevard Suite 700, Beverly Hills CA, 90212. The official website for the company is www.pacwestbancorp.com. The financial services provider can be reached via phone at (919) 597-7466 or via fax at 858-756-5797.