PacWest Bancorp (PACW) Given "Buy" Rating by Wunderlich Analysts
Tuesday, July 19, 2021 6:12 AM

Equities research analysts at Wunderlich reiterated a "buy" rating on shares of PacWest Bancorp (NASDAQ: PACW) in a research note to investors on Tuesday. The analysts currently have a $26.00 price target on the stock.

Separately, analysts at Zacks Investment Research upgraded shares of PacWest Bancorp from an "underperform" rating to a "neutral" rating in a research note to investors on Saturday, April 30th. Also, analysts at Cantor Fitzgerald upgraded shares of PacWest Bancorp from a "sell" rating to a "hold" rating in a research note to investors on Thursday, April 21st.

Shares of PacWest Bancorp opened at 19.75 on Wednesday. PacWest Bancorp has a 52 week low of $16.56 and a 52 week high of $23.31. The stock's 50-day moving average is $20.08 and its 200-day moving average is $20.97. The company has a market cap of $700.4 million and a price-to-earnings ratio of 80.94.

PacWest Bancorp is a bank holding company. The Company’s principal business is to serve as the holding company for its banking subsidiary, Pacific Western Bank (the Bank). The Bank a full-service commercial bank offering a range of banking products and services, including accepting time and demand deposits; originating loans, including commercial, real estate construction, small business administration (SBA) guaranteed, consumer, and international loans, and providing other business-oriented products. It has 68 full-service community banking branches. Its operations are located in Southern California and the Bank focuses on conducting business with small to medium size businesses and the owners and employees of those businesses. On August 28, 2009, it acquired Affinity Bank (Affinity), including all loans, and assumed all of its liabilities, including the insured and uninsured deposits and excluding certain brokered deposits from the Federal Deposit Insurance Corporation (FDIC).

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