Key Equity Research Analysts at Sandler O’Neill Reiterated their ‘”Buy”’ rating for Pacwest Bancorp (NASDAQ:PACW) Shares Today. Their Target Price is Set to $59.0000

June 26, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.06 in Q1 2018. Its down 0.38, from 1.44 in 2017Q4. It fall, as 24 investors sold PacWest Bancorp shares while 114 reduced holdings. 55 funds opened positions while 91 raised stakes. 105.61 million shares or 1.71% less from 107.44 million shares in 2017Q4 were reported.

North Star Inv Mgmt reported 0% in PacWest Bancorp (NASDAQ:PACW). Cardinal Capital Mngmt Llc Ct holds 2.92% or 1.59 million shares. Stevens Capital Limited Partnership invested in 73,557 shares or 0.14% of the stock. Delta Asset Limited Liability Company Tn accumulated 22 shares. Bbva Compass Natl Bank holds 8,568 shares or 0.03% of its portfolio. Covington Capital Mngmt invested in 0.01% or 1,927 shares. Schwab Charles Management Inc reported 0.04% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Brown Brothers Harriman has 0% invested in PacWest Bancorp (NASDAQ:PACW). State Common Retirement Fund holds 0.02% in PacWest Bancorp (NASDAQ:PACW) or 373,258 shares. Whittier Trust invested in 0.01% or 7,806 shares. Point72 Asia (Hong Kong) stated it has 0.07% in PacWest Bancorp (NASDAQ:PACW). Wellington Management Limited Liability Partnership holds 242,330 shares. Pinnacle Fincl reported 23,696 shares. Lpl Financial Limited Liability accumulated 8,346 shares or 0% of the stock. Captrust has 0.01% invested in PacWest Bancorp (NASDAQ:PACW).

Pacwest Bancorp (NASDAQ:PACW) Rating Reaffirmed

Analysts at Sandler O’Neill now has a $59.0000 PT on Pacwest Bancorp (NASDAQ:PACW). Sandler O’Neill and their recent PT indicates a potential upside of 13.22 % from the company’s previous close. The rating has been revealed to investors in a research report on Friday, 22 June.

PacWest Bancorp (NASDAQ:PACW) Ratings Coverage

Among 7 analysts covering Pacwest Bancorp (NASDAQ:PACW), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Pacwest Bancorp has $6300 highest and $54.0 lowest target. $59’s average target is 13.22% above currents $52.11 stock price. Pacwest Bancorp had 15 analyst reports since January 4, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 18 by Keefe Bruyette & Woods. The firm has “Buy” rating by Piper Jaffray given on Wednesday, April 18. The firm has “Buy” rating by Piper Jaffray given on Thursday, January 18. Sandler O’Neill maintained PacWest Bancorp (NASDAQ:PACW) rating on Thursday, January 4. Sandler O’Neill has “Buy” rating and $56.0 target. The firm has “Buy” rating given on Thursday, January 18 by Sandler O’Neill. The firm earned “Buy” rating on Friday, June 22 by Sandler O’Neill. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, April 17. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. FBR Capital maintained PacWest Bancorp (NASDAQ:PACW) on Monday, January 22 with “Hold” rating. Stephens maintained PacWest Bancorp (NASDAQ:PACW) rating on Friday, January 19. Stephens has “Buy” rating and $60.0 target.

The stock decreased 0.44% or $0.23 during the last trading session, reaching $52.11. About 809,150 shares traded. PacWest Bancorp (NASDAQ:PACW) has risen 13.10% since June 26, 2017 and is uptrending. It has outperformed by 0.53% the S&P500.

Analysts await PacWest Bancorp (NASDAQ:PACW) to report earnings on July, 17. They expect $0.88 earnings per share, up 14.29 % or $0.11 from last year’s $0.77 per share. PACW’s profit will be $108.92 million for 14.80 P/E if the $0.88 EPS becomes a reality. After $0.93 actual earnings per share reported by PacWest Bancorp for the previous quarter, Wall Street now forecasts -5.38 % negative EPS growth.

PacWest Bancorp operates as the holding firm for Pacific Western Bank, a state chartered bank that provides commercial banking services and products. The company has market cap of $6.45 billion. The firm accepts demand, money market, and time deposits. It has a 16.33 P/E ratio. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset loans for working capital needs; venture capital loans to support the start-up activities of entrepreneurial companies; and equipment-secured loans and leases.

Another recent and important PacWest Bancorp (NASDAQ:PACW) news was published by Globenewswire.com which published an article titled: “Report: Exploring Fundamental Drivers Behind Tile Shop Holdings, Anworth Mortgage Asset, Advanced Disposal …” on June 18, 2018.

PacWest Bancorp (NASDAQ:PACW) Institutional Positions Chart

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