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NASDAQ:PACW

PacWest Bancorp - PACW Stock Forecast, Price & News

$24.36
+0.29 (+1.20%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.89
$24.70
50-Day Range
$21.98
$28.27
52-Week Range
$21.29
$51.81
Volume
854,990 shs
Average Volume
1.20 million shs
Market Capitalization
$2.87 billion
P/E Ratio
5.81
Dividend Yield
4.15%
Price Target
$33.00

PacWest Bancorp MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
35.5% 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
N/A
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.

3.15 out of 5 stars

Finance Sector

39th out of 862 stocks

National Commercial Banks Industry

11th out of 84 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.

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PACW Stock News Headlines

Pacific Western Bank launches redesigned website
PacWest Bancorp (NASDAQ:PACW) CEO Sells $1,749,132.16 in Stock
PacWest Bancorp Announces Leadership Transitions
Here's what Wall Street expects from PacWest Bancorp's earnings
6 Analysts Have This to Say About PacWest Banc
Expert Ratings for PacWest Banc
Where PacWest Banc Stands With Analysts
First Week of PACW November 18th Options Trading
See More Headlines
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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
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/18/2023

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
$33.00
High Stock Price Forecast
$51.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+35.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$606.96 million
Pretax Margin
44.41%

Debt

Sales & Book Value

Annual Sales
$1.35 billion
Cash Flow
$6.46 per share
Book Value
$34.11 per share

Miscellaneous

Free Float
116,335,000
Market Cap
$2.87 billion
Optionable
Optionable
Beta
1.40

Key Executives

  • Mr. Matthew P. WagnerMr. 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. PieczynskiMr. James J. Pieczynski (Age 59)
    Exec. VP













PACW Stock - Frequently Asked Questions

Should I buy or sell PacWest Bancorp stock right now?

8 Wall Street 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 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 Wall Street analysts have issued 12-month price objectives 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 year. This suggests a possible upside of 35.5% 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 stock has decreased by 46.1% and is now trading at $24.36.
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) issued its quarterly earnings results on Thursday, October, 20th. The financial services provider reported $1.02 earnings per share (EPS) 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 analyst estimates 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 business's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share.

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 dividend yield of 4.11%. The ex-dividend date of this dividend 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 4.15%. PACW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 23.87%. 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 institutional and retail investors. Top institutional investors 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 $24.36.

How much money does PacWest Bancorp make?

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $2.87 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 12/8/2022 by MarketBeat.com Staff