In a report issued on July 9, Tyler Stafford from Stephens reiterated a Buy rating on Pacwest Bancorp (NASDAQ: PACW), with a price target of $58. The company’s shares closed yesterday at $49.02.
According to TipRanks.com, Stafford is a 5-star analyst with an average return of 18.8% and a 77.6% success rate. Stafford covers the Financial sector, focusing on stocks such as State Bank Financial Corporation, Capstar Financial Holdings Inc, and Carolina Financial Corporation.
Currently, the analyst consensus on Pacwest Bancorp is a Strong Buy with an average price target of $59, implying a 20.4% upside from current levels. In a report issued on June 28, Sandler O’Neill also maintained a Buy rating on the stock with a $59 price target.
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Pacwest Bancorp’s market cap is currently $6.05B and has a P/E ratio of 15.32. The company has a Price to Book ratio of 1.24.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PacWest Bancorp is a bank holding company that specializes in financial and banking solutions. Through the Pacific Western Bank, it offers commercial banking services, including real estate, construction, commercial loans, comprehensive deposit, and treasury management services to small and middle-market businesses.
