PacWest Bancorp (PACW) : Average target price received by PacWest Bancorp (PACW) is $46.21 with an expected standard deviation of $2.83. The most aggressive target on the stock is $50, whereas the most downbeat target is $41. 7 financial analysts are currently covering the stock.
PacWest Bancorp (PACW) : The consensus on PacWest Bancorp (PACW) based on 7 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Also, In a research note released to the investors, DA Davidson downgrades its rating on PacWest Bancorp (NASDAQ:PACW).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 18, 2016.
PacWest Bancorp (NASDAQ:PACW): The stock opened at $43.57 on Thursday but the bulls could not build on the opening and the stock topped out at $43.86 for the day. The stock traded down to $42.89 during the day, due to lack of any buying support eventually closed down at $43.13 with a loss of -0.42% for the day. The stock had closed at $43.31 on the previous day. The total traded volume was 962,905 shares.
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.