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PacWest Bancorp Stock Forecast, Price & News

$27.47
+1.52 (+5.86%)
(As of 06/24/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.21
$27.58
50-Day Range
$25.90
$40.19
52-Week Range
$25.60
$51.81
Volume
2.85 million shs
Average Volume
1.23 million shs
Market Capitalization
$3.23 billion
P/E Ratio
5.68
Dividend Yield
3.85%
Price Target
$48.00
30 days | 90 days | 365 days | Advanced Chart

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PACW Stock Forecast (MarketRank)

Overall MarketRank

3.51 out of 5 stars

Finance Sector

39th out of 1,363 stocks

National Commercial Banks Industry

12th out of 111 stocks

Analyst Opinion: 3.5Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 3.1 5 -4 -3 -2 -1 -
PacWest Bancorp logo

About PacWest Bancorp (NASDAQ:PACW)

PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, remote deposit, and online and mobile banking services; and automated teller machine services. The company offers its products and services to small and mid-sized companies, venture capital and private equity investors, professionals, and other individuals. As of February 1, 2022, it operated through 69 full-service branches located in California; one branch located in Durham, North Carolina; one branch located in Denver, Colorado; and various loan production offices. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.

PACW Stock News Headlines

PacWest Bancorp (NASDAQ:PACW) Sets New 12-Month Low at $26.97
PacWest Bancorp (NASDAQ:PACW) Short Interest Up 42.0% in May
Analyst Ratings for PacWest Banc
PacWest Bancorp Names New President
PacWest Bancorp (NASDAQ:PACW) Price Target Cut to $49.00
PacWest Bancorp ADR (PACWP)
PACWP Revenue EPS
See More Headlines

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:PACW
CUSIP
69526310
Employees
2,200
Year Founded
1999

Company Calendar

Last Earnings
4/19/2022
Ex-Dividend for 5/31 Dividend
5/13/2022
Dividend Payable
5/31/2022
Today
6/24/2022
Next Earnings (Estimated)
7/18/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$48.00
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+74.7%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
6 Analysts

Profitability

Net Income
$606.96 million
Pretax Margin
56.63%

Debt

Sales & Book Value

Annual Sales
$1.35 billion
Cash Flow
$6.57 per share
Book Value
$34.11 per share

Miscellaneous

Free Float
115,979,000
Market Cap
$3.23 billion
Optionable
Optionable
Beta
1.42














PacWest Bancorp Frequently Asked Questions

Should I buy or sell PacWest Bancorp stock right now?

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.
View analyst ratings for PacWest Bancorp
or view top-rated stocks.

What is PacWest Bancorp's stock price forecast for 2022?

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.
View analysts' price targets for PacWest Bancorp
or view top-rated stocks among Wall Street analysts.

How has PacWest Bancorp's stock price performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting PacWest Bancorp?

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.
View PacWest Bancorp's Short Interest
.

When is PacWest Bancorp's next earnings date?

PacWest Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 18th 2022.
View our earnings forecast for PacWest Bancorp
.

How were PacWest Bancorp's earnings last quarter?

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.
View PacWest Bancorp's earnings history
.

How often does PacWest Bancorp pay dividends? What is the dividend yield for PacWest Bancorp?

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.
View PacWest Bancorp's dividend history
.

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 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.

Who are PacWest Bancorp's key executives?

PacWest Bancorp's management team includes the following people:
  • Mr. Matthew P. Wagner, Pres, CEO & Director (Age 65, Pay $4.58M)
  • Mr. Bart R. Olson, Exec. VP & CFO (Age 53, Pay $1.45M)
  • Mr. Mark T. Yung, Exec. VP & COO (Age 48, Pay $2.48M)
  • Mr. William James Black Jr., Exec. VP of Strategy & Corp. Devel. (Age 46, Pay $2.21M)
  • Mr. Christopher D. Blake, Exec. VP, Pres & CEO of Community Banking Group (Age 62, Pay $1.58M) (LinkedIn Profile)
  • Ms. Monica L. Sparks, Exec. VP & Chief Accounting Officer (Age 42)
  • Ms. Angela Wolfe-M. Kelley, Exec. VP, Gen. Counsel & Corp. Sec. (Age 40)
  • Ms. Rebecca H. Cordes, Exec. VP of HR (Age 66)
  • Mr. James J. Pieczynski, Exec. VP (Age 59)
  • Mr. Bryan M. Corsini, Chief Credit Officer & Exec. VP (Age 60)

What is Matthew P. Wagner's approval rating as PacWest Bancorp's CEO?

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.

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 (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 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
.

Which major investors are selling PacWest Bancorp stock?

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.
View insider buying and selling activity for PacWest Bancorp
or view top insider-selling stocks.

Which major investors are buying PacWest Bancorp stock?

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.
View insider buying and selling activity for PacWest Bancorp
or or view top insider-buying stocks.

How do I buy shares of PacWest Bancorp?

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.
Compare Top Brokerages Here.

What is PacWest Bancorp's stock price today?

One share of PACW stock can currently be purchased for approximately $27.47.

How much money does PacWest Bancorp make?

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.

How many employees does PacWest Bancorp have?

PacWest Bancorp employs 2,200 workers across the globe.

When was PacWest Bancorp founded?

PacWest Bancorp was founded in 1999.

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 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.

This page (NASDAQ:PACW) was last updated on 6/24/2022 by MarketBeat.com Staff

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