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NASDAQ:PACW

PacWest Bancorp - PACW Stock Forecast, Price & News

$30.28
+0.49 (+1.64%)
(As of 08/16/2022 12:21 PM ET)
Add
Compare
Today's Range
$29.62
$30.28
50-Day Range
$25.90
$32.34
52-Week Range
$25.48
$51.81
Volume
9,913 shs
Average Volume
1.16 million shs
Market Capitalization
$3.57 billion
P/E Ratio
6.98
Dividend Yield
3.36%
Price Target
$40.89

PacWest Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
37.3% Upside
$40.89 Price Target
Short Interest
Healthy
2.79% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.86mentions of PacWest Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$1.05 M Bought Last Quarter
Proj. Earnings Growth
5.42%
From $4.24 to $4.47 Per Share

Overall MarketRank

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

3.25 out of 5 stars

Finance Sector

25th out of 924 stocks

National Commercial Banks Industry

5th out of 89 stocks

PACW stock logo

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.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PACW shares. Piper Sandler lowered their price objective on shares of PacWest Bancorp to $40.00 in a research report on Monday, July 4th. Truist Financial lowered their price objective on shares of PacWest Bancorp from $45.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, June 13th. Keefe, Bruyette & Woods downgraded shares of PacWest Bancorp from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $47.00 to $35.00 in a research report on Friday, July 22nd. DA Davidson lowered their target price on shares of PacWest Bancorp to $43.00 in a report on Friday, July 22nd. Finally, Wells Fargo & Company lowered their target price on shares of PacWest Bancorp to $40.00 in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.89.

PacWest Bancorp Price Performance

PACW Stock traded up $0.07 during trading on Monday, reaching $29.79. 703,351 shares of the company were exchanged, compared to its average volume of 1,200,842. The company has a market cap of $3.51 billion, a P/E ratio of 6.85 and a beta of 1.40. PacWest Bancorp has a 52-week low of $25.48 and a 52-week high of $51.81. The stock's 50 day moving average price is $27.78 and its 200 day moving average price is $35.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.83.

PacWest Bancorp (NASDAQ:PACW - Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.05). The company had revenue of $358.27 million for the quarter, compared to analysts' expectations of $354.14 million. PacWest Bancorp had a return on equity of 13.78% and a net margin of 35.95%. The firm's quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. As a group, analysts predict that PacWest Bancorp will post 4.24 earnings per share for the current fiscal year.

PacWest Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, August 12th. PacWest Bancorp's payout ratio is currently 23.04%.

Insiders Place Their Bets

In other PacWest Bancorp news, CAO Monica L. Sparks bought 4,000 shares of the business's stock in a transaction on Monday, June 6th. The stock was bought at an average price of $25.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,000 shares in the company, valued at approximately $100,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Rebecca H. Cordes acquired 10,000 shares of the business's stock in a transaction dated Monday, June 6th. The stock was acquired at an average price of $25.00 per share, with a total value of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $250,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Monica L. Sparks bought 4,000 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was bought at an average price of $25.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief accounting officer now owns 4,000 shares of the company's stock, valued at approximately $100,000. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 42,000 shares of company stock worth $1,050,000. Insiders own 1.25% of the company's stock.

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PACW Stock News Headlines

PacWest Bancorp (NASDAQ:PACW) Downgraded by StockNews.com
PacWest Bancorp's (NASDAQ:PACW) Dividend Will Be $0.25
PacWest Bancorp (PACW) Q2 Earnings Lag Estimates
What Wall Street expects from PacWest Bancorp's earnings
4 Analysts Have This to Say About PacWest Banc
New Preferred Stock IPOs, June 2022
Analyst Ratings for PacWest Banc
PacWest Bancorp Names New President
PacWest Bancorp ADR (PACWP)
PACWP Revenue EPS
See More Headlines
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PACW Company Calendar

Ex-Dividend for 5/31 Dividend
5/13/2022
Dividend Payable
5/31/2022
Last Earnings
7/20/2022
Ex-Dividend for 8/31 Dividend
8/12/2022
Today
8/16/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
10/17/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:PACW
CUSIP
69526310
Employees
2,200
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$40.89
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+35.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$606.96 million
Pretax Margin
48.58%

Debt

Sales & Book Value

Annual Sales
$1.35 billion
Cash Flow
$6.48 per share
Book Value
$34.11 per share

Miscellaneous

Free Float
116,300,000
Market Cap
$3.57 billion
Optionable
Optionable
Beta
1.40














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 year. 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 1 year target prices for PacWest Bancorp's shares. Their PACW share price forecasts range from $31.00 to $55.00. On average, they expect the company's stock price to reach $40.89 in the next twelve months. This suggests a possible upside of 37.3% 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 start of the year. Since then, PACW shares have decreased by 34.0% and is now trading at $29.79.
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 Monday, October 17th 2022.
View our PACW earnings forecast
.

How were PacWest Bancorp's earnings last quarter?

PacWest Bancorp (NASDAQ:PACW) posted its earnings results on Wednesday, July, 20th. The financial services provider reported $1.02 earnings per share 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 analyst estimates 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 firm's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share.

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 annualized dividend and a dividend yield of 3.36%. 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 3.36%. 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 22.37% 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 institutional and retail investors. Top institutional investors include FMR LLC (8.06%), State Street Corp (4.81%), Allspring Global Investments Holdings LLC (1.64%), William Blair Investment Management LLC (1.31%), AQR Capital Management LLC (1.17%) and Jennison Associates LLC (0.90%). Insiders that own company stock include Bryan M Corsini, Christopher D Blake, Daniel B Platt, James Pieczynski, Mark A Christian, 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 $29.79.

How much money does PacWest Bancorp make?

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $3.51 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.

When was PacWest Bancorp founded?

PacWest Bancorp was founded in 1999.

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 8/16/2022 by MarketBeat.com Staff

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