Stephens analyst Tyler Stafford maintained a Buy rating on Pacwest Bancorp (PACW) today and set a price target of $43. The company’s shares closed yesterday at $39.17.
Stafford commented:
“We maintain our Overweight rating as, despite the NIM pressure, we continue to view consensus estimates as reasonable considering the Company is on pace for high single digit loan growth vs. current estimates of 5.2% growth for the year, coupled with a robust buyback.”
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.2% and a 56.6% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pacwest Bancorp with a $43.75 average price target.
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Pacwest Bancorp’s market cap is currently $4.77B and has a P/E ratio of 10.52. The company has a Price to Book ratio of 0.99.
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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.
