Today, the EVP of Pacwest Bancorp (PACW), James Pieczynski, bought shares of PACW for $397.1K.
Following this transaction James Pieczynski’s holding in the company was increased by 6.12% to a total of $6.92 million. In addition to James Pieczynski, 2 other PACW executives reported Buy trades in the last month.
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Based on Pacwest Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $330 million and quarterly net profit of $115 million. In comparison, last year the company earned revenue of $292 million and had a net profit of $100 million. PACW’s market cap is $4.86B and the company has a P/E ratio of 11.58. Currently, Pacwest Bancorp has an average volume of 1.1M.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $53.63, reflecting a 35.9% upside. Five different firms, including KBW and Piper Jaffray, currently also have a Buy rating on the stock.
The insider sentiment on Pacwest Bancorp has been positive according to 61 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
