PacWest Bancorp (PACW) : 4 brokerage houses believe that PacWest Bancorp (PACW) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PacWest Bancorp (PACW). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.86.
PacWest Bancorp (PACW) stock is expected to deviate a maximum of $2.83 from the average target price of $46.21 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $50 and the most muted being $41.
Shares of PacWest Bancorp rose by 0.5% in the last five trading days and 4.31% for the last 4 weeks. PacWest Bancorp is up 4.59% in the last 3-month period. Year-to-Date the stock performance stands at 1.74%. PacWest Bancorp (NASDAQ:PACW): stock turned positive on Tuesday. Though the stock opened at $42.24, the bulls momentum made the stock top out at $42.47 level for the day. The stock recorded a low of $42.08 and closed the trading day at $42.09, in the green by 0.21%. The total traded volume for the day was 750,314. The stock had closed at $42 in the previous days trading.
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.