Wells Fargo Remains a Hold on Pacwest Bancorp (PACW)


Wells Fargo analyst Jared Shaw maintained a Hold rating on Pacwest Bancorp (PACW) yesterday. The company’s shares closed yesterday at $33.49, close to its 52-week low of $31.16.

According to TipRanks.com, Shaw is a 1-star analyst with an average return of -5.7% and a 38.2% success rate. Shaw covers the Financial sector, focusing on stocks such as Pinnacle Financial Partners, Associated Banc-Corp, and Svb Financial Group.

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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The company has a one-year high of $55.86 and a one-year low of $31.16. Currently, Pacwest Bancorp has an average volume of 1.48M.

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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