PacWest Bancorp Now Covered by Analysts at Ned Davis Research (PACW)
Ned Davis Research assumed coverage on shares of PacWest Bancorp (NASDAQ:PACW) in a research note issued on Monday, AnalystRatingsNetwork reports. The firm set a “neutral” rating on the stock.
PACW has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods upgraded shares of PacWest Bancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, September 20th. They now have a $40.00 price target on the stock, up previously from $30.00. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of PacWest Bancorp in a research note to investors on Friday, August 30th. Finally, analysts at Sterne Agee raised their price target on shares of PacWest Bancorp from $30.00 to $45.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $36.33.
Shares of PacWest Bancorp (NASDAQ:PACW) traded down 0.65% during mid-day trading on Monday, hitting $35.15. The stock had a trading volume of 575,364 shares. PacWest Bancorp has a one year low of $21.50 and a one year high of $36.31. The stock has a 50-day moving average of $34.00 and a 200-day moving average of $30.98. The company has a market cap of $1.557 billion and a P/E ratio of 24.78.
PacWest Bancorp (NASDAQ:PACW) last released its earnings data on Tuesday, July 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.06. During the same quarter in the previous year, the company posted $0.42 earnings per share.
PacWest Bancorp is a bank holding company. The Company’s principal business is to serve as the holding company for its wholly-owned banking subsidiary, Pacific Western Bank (NASDAQ:PACW).
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