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NASDAQ:PACW

PacWest Bancorp - PACW Stock Forecast, Price & News

$9.55
+0.29 (+3.13%)
(As of 03/24/2023 05:06 PM ET)
Add
Compare
Today's Range
$8.70
$9.76
50-Day Range
$9.26
$29.58
52-Week Range
$5.00
$46.50
Volume
18.66 million shs
Average Volume
10.81 million shs
Market Capitalization
$1.13 billion
P/E Ratio
2.83
Dividend Yield
10.47%
Price Target
$30.89

PacWest Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
226.2% Upside
$30.89 Price Target
Short Interest
Healthy
3.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.30
Upright™ Environmental Score
News Sentiment
0.07mentions of PacWest Bancorp in the last 14 days
Based on 48 Articles This Week
Insider Trading
Acquiring Shares
$1.19 M Bought Last Quarter
Proj. Earnings Growth
8.33%
From $3.24 to $3.51 Per Share

Overall MarketRank

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

3.68 out of 5 stars

Finance Sector

4th out of 868 stocks

National Commercial Banks Industry

2nd out of 85 stocks


PACW stock logo

About PacWest Bancorp (NASDAQ:PACW) Stock

PacWest Bancorp is a bank holding company, which specializes in financial and banking solutions. It offers commercial banking services including real estate, construction, commercial loans, comprehensive deposit, and treasury management services to small and middle-market businesses through the Pacific Western Bank. The company was founded on October 22, 1999, and is headquartered in Beverly Hills, CA.

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PACW Stock News Headlines

PacWest Bancorp May Escape a Credit Downgrade After this Happens
Ongoing concerns in the banking sector have caused credit rating agencies to consider a downgrade for PacWest Bancorp. Hidden trends may wash this decision away
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
PacWest Bancorp (NASDAQ:PACW) Stock Price Up 12.5%
PacWest Bancorp (NASDAQ:PACW) Upgraded to Buy at DA Davidson
Why PacWest Bancorp Stock (NASDAQ:PACW) Can Fall Even Further
See More Headlines
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PACW Company Calendar

Last Earnings
10/17/2021
Ex-Dividend for 2/28 Dividend
2/14/2023
Dividend Payable
2/28/2023
Today
3/24/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:PACW
CUSIP
69526310
Employees
2,438
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$30.89
High Stock Price Forecast
$51.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+224.1%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$423.61 million
Pretax Margin
34.79%

Debt

Sales & Book Value

Annual Sales
$1.63 billion
Cash Flow
$4.41 per share
Book Value
$29.30 per share

Miscellaneous

Free Float
116,457,000
Market Cap
$1.12 billion
Optionable
Optionable
Beta
1.46

Key Executives

  • Paul W. Taylor
    President, Chief Executive Officer & Director
  • Mark T. Yung
    Chief Operating Officer & Executive VP
  • Kevin L. Thompson
    Chief Financial Officer & Executive Vice President
  • Bryan M. CorsiniBryan M. Corsini
    Chief Credit Officer & Executive Vice President
  • Christopher D. Blake
    EVP, President & CEO-Community Banking Group













PACW Stock - Frequently Asked Questions

Should I buy or sell PacWest Bancorp stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
View PACW analyst ratings
or view top-rated stocks.

What is PacWest Bancorp's stock price forecast for 2023?

9 brokers have issued 12-month price objectives for PacWest Bancorp's stock. Their PACW share price forecasts range from $13.00 to $51.00. On average, they anticipate the company's share price to reach $30.89 in the next twelve months. This suggests a possible upside of 226.9% 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 2023?

PacWest Bancorp's stock was trading at $22.95 at the beginning of the year. Since then, PACW shares have decreased by 58.8% and is now trading at $9.45.
View the best growth stocks for 2023 here
.

Are investors shorting PacWest Bancorp?

PacWest Bancorp saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 4,140,000 shares, a drop of 16.2% from the February 13th total of 4,940,000 shares. Based on an average trading volume of 1,540,000 shares, the short-interest ratio is currently 2.7 days. Currently, 3.6% of the company's shares are sold short.
View PacWest Bancorp's Short Interest
.

When is PacWest Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our PACW earnings forecast
.

How were PacWest Bancorp's earnings last quarter?

PacWest Bancorp (NASDAQ:PACW) issued its earnings results on Sunday, October, 17th. The financial services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.03 by $0.14. The financial services provider earned $327.19 million during the quarter, compared to analysts' expectations of $317.04 million. PacWest Bancorp had a trailing twelve-month return on equity of 13.92% and a net margin of 25.97%. PacWest Bancorp's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 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 Wednesday, February 1st. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.25 per share on Tuesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date is Tuesday, February 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 8.19%. PACW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PACW will have a dividend payout ratio of 28.49% 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 many different retail and institutional investors. Top institutional shareholders include Cardinal Capital Management LLC CT (3.55%), Dimensional Fund Advisors LP (3.10%), Fisher Asset Management LLC (2.20%), American Century Companies Inc. (1.60%), Allspring Global Investments Holdings LLC (1.55%) and Geode Capital Management LLC (1.44%). Insiders that own company stock include Bryan M Corsini, C William Hosler, Christopher D Blake, Daniel B Platt, James Pieczynski, Mark Yung, Matthew P Wagner, Monica L Sparks, Paul W Taylor, Rebecca H Cordes, Susan E Lester and William J Black.
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 $9.45.

How much money does PacWest Bancorp make?

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $1.11 billion and generates $1.63 billion in revenue each year. The financial services provider earns $423.61 million in net income (profit) each year or $3.38 on an earnings per share basis.

How many employees does PacWest Bancorp have?

The company employs 2,438 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 3/24/2023 by MarketBeat.com Staff