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Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Stock market today: Wall Street closes its worst week in six months with more losses
A Tech Stock You've Never Heard Of Just Hit The Rally Button
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Is New IPO Instacart Already Hitting Speed Bumps?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Stock market today: Wall Street closes its worst week in six months with more losses
A Tech Stock You've Never Heard Of Just Hit The Rally Button
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Is New IPO Instacart Already Hitting Speed Bumps?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
Enterprise Products: 7.33% Yield and 26-Years of Dividend Growth
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Stock market today: Wall Street closes its worst week in six months with more losses
A Tech Stock You've Never Heard Of Just Hit The Rally Button
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Challenges Hit Broadcom Stock, But Analysts See EPS Growth
Is New IPO Instacart Already Hitting Speed Bumps?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Prospect Capital Corporation: A Gold Nugget or Value Trap?
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
NASDAQ:PACW

PacWest Bancorp (PACW) Stock Forecast, Price & News

$7.66
-0.04 (-0.52%)
(As of 09/22/2023 ET)
Compare
Today's Range
$7.58
$7.76
50-Day Range
$7.47
$10.54
52-Week Range
$2.48
$30.07
Volume
1.80 million shs
Average Volume
15.08 million shs
Market Capitalization
$908.04 million
P/E Ratio
N/A
Dividend Yield
0.52%
Price Target
$20.08

PacWest Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
162.2% Upside
$20.08 Price Target
Short Interest
Healthy
10.96% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.82mentions of PacWest Bancorp in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.22%
From $0.90 to $0.88 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Finance Sector

424th out of 801 stocks

National Commercial Banks Industry

57th out of 81 stocks


PACW stock logo

About PacWest Bancorp (NASDAQ:PACW) Stock

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 Price History

PACW Stock News Headlines

This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
PacWest Stock To Go Ex-dividend Tomorrow (PACW)
Why PacWest Bancorp (PACW) Stock Is Moving
See More Headlines
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PACW Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 8/31 Dividend
8/14/2023
Dividend Payable
8/31/2023
Today
9/22/2023
Next Earnings (Estimated)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$20.08
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+162.2%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$423.61 million
Pretax Margin
-62.88%

Debt

Sales & Book Value

Annual Sales
$945.12 million
Cash Flow
$5.43 per share
Book Value
$29.30 per share

Miscellaneous

Free Float
117,061,000
Market Cap
$908.04 million
Optionable
Optionable
Beta
1.46
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Key Executives

  • Mr. Matthew P. WagnerMr. Matthew P. Wagner (Age 66)
    Exec. Chairman
    Comp: $4.27M
  • Mr. Paul W. Taylor (Age 62)
    CEO, Pres & Director
    Comp: $1.92M
  • Mr. Kevin Lewis Thompson CPA (Age 50)
    Exec. VP & CFO
    Comp: $746.63k
  • Mr. Mark T. Yung (Age 49)
    Exec. VP & COO
    Comp: $2.27M
  • Mr. William James Black Jr. (Age 47)
    Exec. VP of Strategy & Corp. Devel.
    Comp: $2.02M
  • Ms. Monica L. Sparks (Age 42)
    Exec. VP & Chief Accounting Officer
  • Ms. Angela Wolfe-M. Kelley (Age 41)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Ms. Rebecca H. Cordes (Age 67)
    Exec. VP of HR
  • Mr. Christopher D. Blake (Age 63)
    Exec. VP, Pres & CEO of Community Banking Group
  • Mr. Bryan M. CorsiniMr. Bryan M. Corsini (Age 61)
    Chief Credit Officer & Exec. VP













PACW Stock - Frequently Asked Questions

Should I buy or sell PacWest Bancorp stock right now?

9 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 4 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 forecast for 2023?

9 equities research analysts have issued twelve-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 stock price to reach $20.08 in the next twelve months. This suggests a possible upside of 162.2% from the stock's current price.
View analysts price targets for PACW
or view top-rated stocks among Wall Street analysts.

How have PACW shares performed in 2023?

PacWest Bancorp's stock was trading at $22.95 at the start of the year. Since then, PACW shares have decreased by 66.6% and is now trading at $7.66.
View the best growth stocks for 2023 here
.

When is PacWest Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our PACW earnings forecast
.

How were PacWest Bancorp's earnings last quarter?

PacWest Bancorp (NASDAQ:PACW) posted its quarterly earnings results on Tuesday, July, 25th. The financial services provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The financial services provider had revenue of $228.82 million for the quarter, compared to the consensus estimate of $188.30 million. PacWest Bancorp had a negative net margin of 59.41% and a positive trailing twelve-month return on equity of 13.23%.

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

PacWest Bancorp declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.01 per share on Thursday, August 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, August 14th.
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 0.51%.
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).

What is PacWest Bancorp's stock symbol?

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

Who are PacWest Bancorp's major shareholders?

PacWest Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.65%), State Street Corp (9.37%), Citadel Advisors LLC (0.00%), Cardinal Capital Management LLC CT (2.53%), Dimensional Fund Advisors LP (2.21%) and Geode Capital Management LLC (2.07%). 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
.

How do I buy shares of PacWest Bancorp?

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.
Compare Top Brokerages Here.

What is PacWest Bancorp's stock price today?

One share of PACW stock can currently be purchased for approximately $7.66.

How much money does PacWest Bancorp make?

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $908.04 million and generates $945.12 million in revenue each year. The financial services provider earns $423.61 million in net income (profit) each year or ($10.62) on an earnings per share basis.

How many employees does PacWest Bancorp have?

The company employs 2,438 workers across the globe.

How can I contact PacWest Bancorp?

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.

This page (NASDAQ:PACW) was last updated on 9/23/2023 by MarketBeat.com Staff

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