PacWest Bancorp Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 1 hold rating, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PacWest Bancorp stock.
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6 brokerages have issued twelve-month price objectives for PacWest Bancorp's shares. Their PACW stock forecasts range from $38.00 to $55.00. On average, they expect PacWest Bancorp's stock price to reach $48.00 in the next twelve months. This suggests a possible upside of 74.7% from the stock's current price.
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PacWest Bancorp's stock was trading at $45.17 at the start of the year. Since then, PACW stock has decreased by 39.2% and is now trading at $27.47.
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PacWest Bancorp saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 3,990,000 shares, an increase of 42.0% from the May 15th total of 2,810,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is presently 3.2 days. Currently, 3.5% of the shares of the stock are short sold.
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PacWest Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 18th 2022.
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PacWest Bancorp (NASDAQ:PACW) announced its quarterly earnings results on Tuesday, April, 19th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by $0.04. The financial services provider had revenue of $329.54 million for the quarter, compared to analysts' expectations of $342.21 million. PacWest Bancorp had a trailing twelve-month return on equity of 14.96% and a net margin of 41.84%. During the same period in the prior year, the business earned $1.27 earnings per share.
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PacWest Bancorp declared a quarterly dividend on Monday, May 2nd. Shareholders of record on Monday, May 16th will be paid a dividend of $0.25 per share on Tuesday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, May 13th.
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PacWest Bancorp(NASDAQ:PACW) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.85%. The dividend payout ratio of PacWest Bancorp is 20.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PacWest Bancorp will have a dividend payout ratio of 20.92% next year. This indicates that PacWest Bancorp will be able to sustain or increase its dividend.
View PacWest Bancorp's dividend history.

1 employees have rated PacWest Bancorp CEO Matthew P. Wagner on Glassdoor.com. Matthew P. Wagner has an approval rating of 100% among PacWest Bancorp's employees. This puts Matthew P. Wagner in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to PacWest Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), Huntington Bancshares (HBAN), KeyCorp (KEY), First Horizon (FHN), Signature Bank (SBNY), First Citizens BancShares (FCNCA), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
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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 (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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.68%), BlackRock Inc. (8.51%), State Street Corp (4.79%), Cardinal Capital Management LLC CT (3.82%), Invesco Ltd. (2.62%) and Dimensional Fund Advisors LP (2.60%). Company insiders that own PacWest Bancorp 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 for PacWest Bancorp.

PACW stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Ceredex Value Advisors LLC, Vaughan Nelson Investment Management L.P., Cardinal Capital Management LLC CT, Twin Tree Management LP, Russell Investments Group Ltd., Verition Fund Management LLC, and Verition Fund Management LLC. Company insiders that have sold PacWest Bancorp company stock in the last two years include Bryan M Corsini, Christopher D Blake, Daniel B Platt, and James Pieczynski.
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PACW stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Leeward Investments LLC MA, Lord Abbett & CO. LLC, Fort Washington Investment Advisors Inc. OH, Charles Schwab Investment Management Inc., Vanguard Group Inc., Wellington Management Group LLP, and Victory Capital Management Inc.. Company insiders that have bought PacWest Bancorp stock in the last two years include Matthew P Wagner, Monica L Sparks, Paul W Taylor, and Rebecca H Cordes.
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Shares of PACW 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 $27.47.

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $3.23 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 $4.84 on an earnings per share basis.

PacWest Bancorp employs 2,200 workers across the globe.

PacWest Bancorp was founded in 1999.

PacWest Bancorp's mailing address is 9701 Wilshire Boulevard Suite 700, Beverly Hills CA, 90212. The official website for PacWest Bancorp is www.pacwestbancorp.com. The financial services provider can be reached via phone at (310) 887-8500 or via fax at 858-756-5797.