PacWest Bancorp (NASDAQ:PACW) has an average broker rating of 1.63, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
PacWest Bancorp (NASDAQ:PACW) : The consensus price target for PacWest Bancorp (NASDAQ:PACW) is $46.14 for the short term with a standard deviation of $2.91. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $41.
For the current week, the company shares have a recommendation consensus of Buy.
PacWest Bancorp (NASDAQ:PACW): stock turned positive on Tuesday. Though the stock opened at $36.38, the bulls momentum made the stock top out at $37.06 level for the day. The stock recorded a low of $36 and closed the trading day at $36.96, in the green by 3.13%. The total traded volume for the day was 1,395,005. The stock had closed at $35.84 in the previous days trading.
In an insider trading activity, Brennan Suzanne R, officer (EVP, Risk Management) of Pacwest Bancorp, unloaded 20,000 shares at an average price of $40.01 on April 20, 2016. The total amount of the transaction was worth $800,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
PacWest Bancorp is a bank holding company. The Companys business is to serve as the holding bank for its subsidiary, Pacific Western Bank (Pacific Western or the Bank). It is a commercial bank that offers banking products and services, including accepting demand, money market, and time deposits and originating loans and leases, including an array of commercial real estate loans and commercial lending products. It operates in two segments: Community Banking, which includes the operations of Pacific Western Bank, excluding the CapitalSource Division, and National Lending, which includes the lending operations gained through the CapitalSource Inc. merger, Pacific Western Equipment Finance and the CapitalSource Business Finance Group. The Bank offers products and services through its CapitalSource and Square 1 Bank divisions. The Square 1 Bank Division offers financial services focused on entrepreneurial businesses, and their venture capital and private equity investors.