NASDAQ:PACW

PacWest Bancorp - PACW Stock Forecast, Price & News

$25.89

0.00 (0.00%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $25.42
▼
$25.99
50-Day Range: $21.98
▼
$28.27
52-Week Range: $21.29
▼
$51.81

Volume: 792,228 shs
Average Volume: 1.03 million shs
Market Capitalization: $3.05 billion

P/E Ratio: 6.18
Dividend Yield: 3.86%
Price Target: $33.00

PacWest Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 27.5% Upside
$33.00 Price Target
Short Interest: Healthy
3.46% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.30
Upright™ Environmental Score
News Sentiment: -0.04
Based on 3 Articles This Week
Insider Trading: Selling Shares
$1.75 M Sold Last Quarter
Proj. Earnings Growth: -3.46%
From $4.05 to $3.91 Per Share

Overall MarketRank^™

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

3.26 out of 5 stars

Finance Sector

15th out of 891 stocks

National Commercial Banks Industry

3rd out of 88 stocks

4.3

Analyst's Opinion

Consensus Rating
PacWest Bancorp has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.00, PacWest Bancorp has a forecasted upside of 27.5% from its current price of $25.89.
Amount of Analyst Coverage
PacWest Bancorp has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
3.46% of the float of PacWest Bancorp has been sold short.
Short Interest Ratio / Days to Cover
PacWest Bancorp has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PacWest Bancorp has recently decreased by 5.44%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
PacWest Bancorp is a leading dividend payer. It pays a dividend yield of 3.86%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PacWest Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of PacWest Bancorp is 23.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, PacWest Bancorp will have a dividend payout ratio of 25.58% next year. This indicates that PacWest Bancorp will be able to sustain or increase its dividend.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PacWest Bancorp has received a 38.55% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgage loans for corporations", "Corporate debit cards", "Consumer savings accounts provided by brick and mortar banks", and "Commercial deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for PacWest Bancorp is -0.30.

1.6

News and Social Media Coverage

News Sentiment
PacWest Bancorp has a news sentiment score of -0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for PacWest Bancorp this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for PACW on MarketBeat in the last 30 days.
MarketBeat Follows
Only 2 people have added PacWest Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PacWest Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,749,132.00 in company stock.
Percentage Held by Insiders
Only 1.25% of the stock of PacWest Bancorp is held by insiders.
Percentage Held by Institutions
91.56% of the stock of PacWest Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for PacWest Bancorp are expected to decrease by -3.46% in the coming year, from $4.05 to $3.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PacWest Bancorp is 6.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of PacWest Bancorp is 6.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 172.98.
Price to Book Value per Share Ratio
PacWest Bancorp has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PacWest Bancorp (NASDAQ:PACW) Stock

PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, remote deposit, and online and mobile banking services; and automated teller machine services. The company offers its products and services to small and mid-sized companies, venture capital and private equity investors, professionals, and other individuals. As of February 1, 2022, it operated through 69 full-service branches located in California; one branch located in Durham, North Carolina; one branch located in Denver, Colorado; and various loan production offices. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.

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PACW Stock News Headlines

December 1, 2022 | americanbankingnews.com

PacWest Bancorp (NASDAQ:PACW) CEO Sells $1,749,132.16 in Stock

November 27, 2022 | americanbankingnews.com

PacWest Bancorp (NASDAQ:PACW) & Thomasville Bancshares (OTCMKTS:THVB) Financial Contrast

November 21, 2022 | seekingalpha.com

PacWest Bancorp announces planned appointments of senior executives

November 21, 2022 | finance.yahoo.com

PacWest Bancorp Announces Leadership Transitions

November 10, 2022 | finance.yahoo.com

PacWest Bancorp Third Quarter 2022 Earnings: EPS Misses Expectations

November 4, 2022 | finance.yahoo.com

PacWest Bancorp (NASDAQ:PACW) Is Paying Out A Dividend Of $0.25

October 28, 2022 | finance.yahoo.com

As PacWest Bancorp (NASDAQ:PACW) lifts 8.2% this past week, investors may now be noticing the company's five-year earnings growth

October 20, 2022 | seekingalpha.com

PacWest Bancorp. (PACW) Q3 2022 Earnings Call Transcript

October 19, 2022 | finance.yahoo.com

PacWest Bancorp Announces Results for the Third Quarter 2022

October 18, 2022 | markets.businessinsider.com

Here's what Wall Street expects from PacWest Bancorp's earnings

October 13, 2022 | finance.yahoo.com

Bay Commercial Bank (BCML) Earnings Expected to Grow: Should You Buy?

October 13, 2022 | nasdaq.com

Pacwest Bancorp Shares Near 52-Week Low - Market Mover

October 6, 2022 | markets.businessinsider.com

6 Analysts Have This to Say About PacWest Banc

October 4, 2022 | markets.businessinsider.com

Expert Ratings for PacWest Banc

October 4, 2022 | markets.businessinsider.com

Where PacWest Banc Stands With Analysts

October 3, 2022 | finance.yahoo.com

Pacific Western Bank Completes A Credit-Linked Notes Transaction

September 29, 2022 | nasdaq.com

Analysts Anticipate 24% Upside For The Holdings of ONEV

September 28, 2022 | finance.yahoo.com

PacWest Bancorp Announces Third Quarter Earnings Release Date and Conference Call

September 23, 2022 | nasdaq.com

Pacwest Bancorp Shares Fall 3.5% Below Previous 52-Week Low - Market Mover

September 22, 2022 | reuters.com

PACW.O - PacWest Bancorp | Stock Price & Latest News | Reuters

September 16, 2022 | nasdaq.com

First Week of PACW November 18th Options Trading

September 8, 2022 | msn.com

Longtime Banker Drops Defamation Suit Against Former Business Associate

September 6, 2022 | barrons.com

PacWest Bancorp Dep. Pfd. (Rep. 1/40th Perp. Pfd. Series A)

September 5, 2022 | reuters.com

PACW.OQ - PacWest Bancorp | Stock Price & Latest News | Reuters

August 8, 2022 | finance.yahoo.com

Be Sure To Check Out PacWest Bancorp (NASDAQ:PACW) Before It Goes Ex-Dividend

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PACW Company Calendar

Last Earnings: 10/20/2022
Ex-Dividend for 11/30 Dividend: 11/14/2022
Dividend Payable: 11/30/2022
Today: 12/04/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/18/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:PACW
CUSIP: 69526310
CIK: 1102112
Web: www.pacwestbancorp.com
Phone: (310) 887-8500
Fax: 858-756-5797
Employees: 2,200
Year Founded: 1999

Price Target and Rating

Average Stock Price Forecast: $33.00
High Stock Price Forecast: $51.00
Low Stock Price Forecast: $25.00
Forecasted Upside/Downside: +27.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.19
Trailing P/E Ratio: 6.18
Forward P/E Ratio: 6.39
P/E Growth: N/A
Net Income: $606.96 million
Net Margins: 32.92%
Pretax Margin: 44.41%
Return on Equity: 14.07%
Return on Assets: 1.26%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 0.86
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $1.35 billion
Price / Sales: 2.25
Cash Flow: $6.36 per share
Price / Cash Flow: 4.07
Book Value: $28.67 per share
Price / Book: 0.90

Miscellaneous

Outstanding Shares: 117,810,000
Free Float: 116,335,000
Market Cap: $3.05 billion
Optionable: Optionable
Beta: 1.40

Key Executives

Mr. Matthew P. Wagner (Age 65)
CEO & Director
Comp: $4.58M

Mr. Paul W. Taylor (Age 61)
Independent Pres & Director
Comp: $86k

Mr. Bart R. Olson (Age 53)
Exec. VP & CFO
Comp: $1.45M

Mr. Mark T. Yung (Age 48)
Exec. VP & COO
Comp: $2.48M

Mr. William James Black Jr. (Age 46)
Exec. VP of Strategy & Corp. Devel.
Comp: $2.21M

Mr. Christopher D. Blake (Age 62)
Exec. VP, Pres & CEO of Community Banking Group
Comp: $1.58M

Ms. Monica L. Sparks (Age 42)
Exec. VP & Chief Accounting Officer

Ms. Angela Wolfe-M. Kelley (Age 40)
Exec. VP, Gen. Counsel & Corp. Sec.

Ms. Rebecca H. Cordes (Age 66)
Exec. VP of HR

Mr. James J. Pieczynski (Age 59)
Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PACW Stock - Frequently Asked Questions

Should I buy or sell PacWest Bancorp stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PACW shares.
View PACW analyst ratings or view top-rated stocks.
What is PacWest Bancorp's stock price forecast for 2023?: 8 equities research analysts have issued 12-month target prices for PacWest Bancorp's stock. Their PACW share price forecasts range from $25.00 to $51.00. On average, they predict the company's share price to reach $33.00 in the next twelve months. This suggests a possible upside of 27.5% 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 2022?: PacWest Bancorp's stock was trading at $45.17 at the beginning of the year. Since then, PACW stock has decreased by 42.7% and is now trading at $25.89.
View the best growth stocks for 2022 here.
When is PacWest Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our PACW earnings forecast.
How were PacWest Bancorp's earnings last quarter?: PacWest Bancorp (NASDAQ:PACW) posted its quarterly earnings data on Thursday, October, 20th. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.07. The financial services provider earned $373.80 million during the quarter, compared to analysts' expectations of $380.82 million. PacWest Bancorp had a net margin of 32.92% and a trailing twelve-month return on equity of 14.07%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS.
How often does PacWest Bancorp pay dividends? What is the dividend yield for PacWest Bancorp?: PacWest Bancorp declared a quarterly dividend on Tuesday, November 1st. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.25 per share on Wednesday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Monday, November 14th.
Read our dividend analysis for PACW.
Is PacWest Bancorp a good dividend stock?: PacWest Bancorp (NASDAQ:PACW) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.86%. The dividend payout ratio is 23.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PACW will have a dividend payout ratio of 25.58% next year. This indicates that the company will be able to sustain or increase its dividend.
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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.91%), BlackRock Inc. (9.37%), State Street Corp (5.14%), Cardinal Capital Management LLC CT (3.69%), Dimensional Fund Advisors LP (2.73%) and Allspring Global Investments Holdings LLC (1.64%). Insiders that own company stock include Bryan M Corsini, Christopher D Blake, Daniel B Platt, James Pieczynski, Mark Yung, Matthew P Wagner, Monica L Sparks, Paul Robert Burke, Paul W Taylor, Rebecca H Cordes, Robert A Stine and Susan E Lester.
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 $25.89.
How much money does PacWest Bancorp make?: PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $3.05 billion and generates $1.35 billion in revenue each year. The financial services provider earns $606.96 million in net income (profit) each year or $4.19 on an earnings per share basis.
How many employees does PacWest Bancorp have?: The company employs 2,200 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 (310) 887-8500 or via fax at 858-756-5797.

This page (NASDAQ:PACW) was last updated on 12/4/2022 by MarketBeat.com Staff

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PacWest Bancorp - PACW Stock Forecast, Price & News

PacWest Bancorp MarketRank™ Forecast

Overall MarketRank™