PacWest Bancorp - PACW Stock Forecast, Price & News

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.

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.

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

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.

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.

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.

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 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.
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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 $24.36.

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.

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.