NASDAQ:PACW

PacWest Bancorp - PACW Stock Forecast, Price & News

$23.13

+0.53 (+2.35%)

(As of 10/3/2022 12:00 AM ET)

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Today's Range: $22.46
▼
$23.34
50-Day Range: $22.60
▼
$30.30
52-Week Range: $22.26
▼
$51.81

Volume: 1.44 million shs
Average Volume: 1.18 million shs
Market Capitalization: $2.72 billion

P/E Ratio: 5.33
Dividend Yield: 4.42%
Price Target: $39.67

PacWest Bancorp MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 71.5% Upside
$39.67 Price Target
Short Interest: Healthy
2.67% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.30
Upright™ Environmental Score
News Sentiment: 0.45
Based on 16 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.79%
From $4.22 to $4.38 Per Share

Overall MarketRank^™

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

2.84 out of 5 stars

Finance Sector

207th out of 927 stocks

National Commercial Banks Industry

29th out of 89 stocks

3.4

Analyst's Opinion

Consensus Rating
PacWest Bancorp has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.67, PacWest Bancorp has a forecasted upside of 71.5% from its current price of $23.13.
Amount of Analyst Coverage
PacWest Bancorp has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.67% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PacWest Bancorp has recently increased by 8.57%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
PacWest Bancorp is a leading dividend payer. It pays a dividend yield of 4.42%, 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 23.04%. 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 22.83% 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.

1.9

News and Social Media Coverage

News Sentiment
PacWest Bancorp has a news sentiment score of 0.45. 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 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for PacWest Bancorp this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added PacWest Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PacWest Bancorp insiders have not sold or bought any 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for PacWest Bancorp are expected to grow by 3.79% in the coming year, from $4.22 to $4.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PacWest Bancorp is 5.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of PacWest Bancorp is 5.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 159.90.
Price to Book Value per Share Ratio
PacWest Bancorp has a P/B Ratio of 0.68. 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

October 3, 2022 | finance.yahoo.com

Pacific Western Bank Completes A Credit-Linked Notes Transaction

October 3, 2022 | americanbankingnews.com

PacWest Bancorp (NASDAQ:PACW) PT Lowered to $36.00

October 2, 2022 | americanbankingnews.com

PacWest Bancorp Expected to Post Q4 2023 Earnings of $1.17 Per Share (NASDAQ:PACW)

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

August 6, 2022 | nasdaq.com

PacWest Bancorp (NASDAQ:PACW) insiders sold US$1.1m worth of stock suggesting impending weakness.

August 5, 2022 | finance.yahoo.com

PacWest Bancorp's (NASDAQ:PACW) Dividend Will Be $0.25

August 4, 2022 | finance.yahoo.com

What Kind Of Shareholders Own PacWest Bancorp (NASDAQ:PACW)?

July 23, 2022 | seekingalpha.com

PacWest Bancorp: Still Attractively Valued Despite The Worsened Earnings Outlook

July 21, 2022 | seekingalpha.com

PacWest Bancorp falls after Q2 consensus EPS miss, not-so-optimistic H2 guidance

July 20, 2022 | finance.yahoo.com

PacWest Bancorp Announces Results for the Second Quarter 2022

July 20, 2022 | finance.yahoo.com

PacWest Bancorp (PACW) Q2 Earnings Lag Estimates

July 19, 2022 | markets.businessinsider.com

What Wall Street expects from PacWest Bancorp's earnings

July 14, 2022 | finance.yahoo.com

Glacier Bancorp (GBCI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

July 7, 2022 | markets.businessinsider.com

4 Analysts Have This to Say About PacWest Banc

July 6, 2022 | forbes.com

New Preferred Stock IPOs, June 2022

June 15, 2022 | nasdaq.com

Pacwest Bancorp Shares Approach 52-Week Low - Market Mover

June 15, 2022 | markets.businessinsider.com

Analyst Ratings for PacWest Banc

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PACW Company Calendar

Last Earnings: 7/20/2022
Ex-Dividend for 8/31 Dividend: 8/12/2022
Dividend Payable: 8/31/2022
Today: 10/03/2022
Next Earnings (Confirmed): 10/19/2022
Fiscal Year End: 12/31/2022

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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: $39.67
High Stock Price Forecast: $55.00
Low Stock Price Forecast: $31.00
Forecasted Upside/Downside: +71.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.34
Trailing P/E Ratio: 5.33
Forward P/E Ratio: 5.48
P/E Growth: N/A
Net Income: $606.96 million
Net Margins: 35.95%
Pretax Margin: 48.58%
Return on Equity: 13.78%
Return on Assets: 1.33%

Debt

Debt-to-Equity Ratio: 0.71
Current Ratio: 0.83
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $1.35 billion
Price / Sales: 2.01
Cash Flow: $6.52 per share
Price / Cash Flow: 3.55
Book Value: $34.11 per share
Price / Book: 0.68

Miscellaneous

Outstanding Shares: 117,772,000
Free Float: 116,300,000
Market Cap: $2.72 billion
Optionable: Optionable
Beta: 1.38

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?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 2022?: 7 Wall Street research analysts have issued 12-month price objectives for PacWest Bancorp's stock. Their PACW share price forecasts range from $31.00 to $55.00. On average, they expect the company's stock price to reach $39.67 in the next twelve months. This suggests a possible upside of 71.5% 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 2022. Since then, PACW shares have decreased by 48.8% and is now trading at $23.13.
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, October 19th 2022.
View our PACW earnings forecast.
How can I listen to PacWest Bancorp's earnings call?: PacWest Bancorp will be holding an earnings conference call on Thursday, October 20th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were PacWest Bancorp's earnings last quarter?: PacWest Bancorp (NASDAQ:PACW) announced its quarterly earnings results on Wednesday, July, 20th. The financial services provider reported $1.02 EPS for the quarter, missing the consensus estimate of $1.07 by $0.05. The financial services provider earned $358.27 million during the quarter, compared to the consensus estimate of $354.14 million. PacWest Bancorp had a net margin of 35.95% and a trailing twelve-month return on equity of 13.78%. The company's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS.
How often does PacWest Bancorp pay dividends? What is the dividend yield for PacWest Bancorp?: PacWest Bancorp announced a quarterly dividend on Monday, August 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.25 per share on Wednesday, August 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, August 12th.
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 4.42%. PACW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 23.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PACW will have a dividend payout ratio of 22.83% 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."
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 $23.13.
How much money does PacWest Bancorp make?: PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $2.72 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 $4.34 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 10/4/2022 by MarketBeat.com Staff

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PacWest Bancorp - PACW Stock Forecast, Price & News

PacWest Bancorp MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability