KBW Reiterates a Buy Rating on Pacwest Bancorp

By Carrie Williams

In a report released yesterday, Melissa Roberts from KBW reiterated a Buy rating on Pacwest Bancorp (NASDAQ: PACW), with a price target of $55. The company’s shares opened today at $47.33.

According to TipRanks.com, Roberts is a 2-star analyst with an average return of 0.9% and a 33.9% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Currently, the analyst consensus on Pacwest Bancorp is Moderate Buy and the average price target is $55.33, representing a 16.9% upside.

In a report issued on April 6, Raymond James also reiterated a Buy rating on the stock.

Pacwest Bancorp’s market cap is currently $6.07B and has a P/E ratio of 16.54. The company has a book value ratio of 1.2987.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2017, Craig A. Carlson, a Director at PACW sold 1,124 shares for a total of $61,292.

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 engages in the provision of banking holding services through its subsidiary, 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. The company was founded on October 22, 1999 and is headquartered in Beverly Hills, CA.^