PacWest Bancorp - PACW Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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8 brokerages have issued 12 month price targets for PacWest Bancorp's shares. Their PACW share price forecasts range from $25.00 to $51.00. On average, they anticipate the company's stock price to reach $32.11 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price.
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PacWest Bancorp's stock was trading at $22.95 at the beginning of the year. Since then, PACW stock has increased by 13.3% and is now trading at $26.01.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our PACW earnings forecast.

PacWest Bancorp will be holding an earnings conference call on Friday, January 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

PacWest Bancorp (NASDAQ:PACW) announced its earnings results on Sunday, October, 17th. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.14. The financial services provider had revenue of $327.19 million for the quarter, compared to the consensus estimate of $317.04 million. PacWest Bancorp had a trailing twelve-month return on equity of 14.07% and a net margin of 32.92%. PacWest Bancorp's revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share.

PacWest Bancorp declared a quarterly dividend on Tuesday, November 1st. Shareholders of record on Tuesday, November 15th will be given 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 3.84%. The ex-dividend date of this dividend is Monday, November 14th.
Read our dividend analysis for PACW.

PacWest Bancorp (NASDAQ:PACW) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.87%. 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 25.77% next year. This indicates that the company will be able to sustain or increase its dividend.
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 number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.55%), Hennessy Advisors Inc. (0.14%), Western Financial Corp CA (0.08%), Yousif Capital Management LLC (0.05%), Pinnacle Associates Ltd. (0.04%) and National Bank of Canada FI (0.04%). 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.
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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 $26.01.

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $3.06 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.

The company employs 2,200 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 (310) 887-8500 or via fax at 858-756-5797.