PacWest Bancorp - PACW Stock Forecast, Price & News

7 Wall Street research 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 research analysts is that investors should "buy" PACW shares.
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7 brokerages have issued 12-month price targets 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 $40.11 in the next twelve months. This suggests a possible upside of 72.0% 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 shares have decreased by 48.4% and is now trading at $23.32.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 17th 2022.
View our PACW earnings forecast.

PacWest Bancorp (NASDAQ:PACW) released its 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 had revenue of $358.27 million for the quarter, compared to analysts' expectations of $354.14 million. PacWest Bancorp had a trailing twelve-month return on equity of 13.78% and a net margin of 35.95%. PacWest Bancorp's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 earnings per share.

PacWest Bancorp declared a quarterly dividend on Monday, August 1st. Shareholders 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 4.29%. The ex-dividend date is Friday, August 12th.
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 4.21%. 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 22.68% 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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (8.06%), State Street Corp (4.81%), Goldman Sachs Group Inc. (2.14%), Allspring Global Investments Holdings LLC (1.64%), William Blair Investment Management LLC (1.31%) and AQR Capital Management LLC (1.17%). 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 $23.32.

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $2.75 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.

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.