Stephens Thinks Pacwest Bancorp’s Stock is Going to Recover


Stephens analyst Tyler Stafford maintained a Buy rating on Pacwest Bancorp (PACW) yesterday and set a price target of $42. The company’s shares closed yesterday at $32.90, close to its 52-week low of $32.60.

According to TipRanks.com, Stafford is a 3-star analyst with an average return of 1.3% and a 49.1% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pinnacle Financial Partners.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pacwest Bancorp with a $51 average price target.

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Pacwest Bancorp’s market cap is currently $4.01B and has a P/E ratio of 9.54. The company has a Price to Book ratio of 0.84.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PACW in relation to earlier this year.

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.

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