PacWest Bancorp - PACW Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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.
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9 analysts have issued 1-year target prices for PacWest Bancorp's shares. Their PACW share price forecasts range from $26.00 to $51.00. On average, they anticipate the company's share price to reach $32.67 in the next year. This suggests a possible upside of 222.8% from the stock's current price.
View analysts price targets for PACW or view top-rated stocks among Wall Street analysts.

PacWest Bancorp's stock was trading at $22.95 at the start of the year. Since then, PACW shares have decreased by 55.9% and is now trading at $10.12.
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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 daily volume of 1,540,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.6% of the shares of the company are short sold.
View PacWest Bancorp's Short Interest.

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

PacWest Bancorp (NASDAQ:PACW) posted its quarterly earnings data on Sunday, October, 17th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.14. The financial services provider earned $327.19 million during the quarter, compared to analyst estimates of $317.04 million. PacWest Bancorp had a trailing twelve-month return on equity of 13.92% and a net margin of 25.97%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share.

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 yield of 9.88%. The ex-dividend date is Tuesday, February 14th.
Read our dividend analysis for PACW.

ETFs with the largest weight of PacWest Bancorp (NASDAQ:PACW) stock in their portfolio include First Trust Financial AlphaDEX Fund (FXO), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3x Shares (DPST), Invesco KBW Regional Banking ETF (KBWR), Invesco S&P MidCap 400 Pure Value ETF (RFV), First Trust NASDAQ ABA Community Bank Index Fund (QABA) and First Trust Small Cap Value AlphaDEX Fund (FYT).

PacWest Bancorp (NASDAQ:PACW) pays an annual dividend of $1.00 per share and currently has a dividend yield of 9.73%. 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 27.62% 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 a variety of institutional and retail investors. Top institutional investors 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.
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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 $10.12.

PacWest Bancorp (NASDAQ:PACW) has a market capitalization of $1.19 billion and generates $1.29 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.

The company employs 2,438 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.