納斯達克(Sequoia Capital：PACW)目標價在派珀·桑德勒下調至40美元

PacWest Bancorp (NASDAQ:PACW – Get Rating) had its price target trimmed by Piper Sandler to $40.00 in a research note issued to investors on Monday morning, Stock Target Advisor reports.

Several other research analysts have also recently commented on PACW. Wedbush lowered their target price on shares of PacWest Bancorp from $52.00 to $45.00 in a report on Wednesday, April 20th. Truist Financial dropped their target price on shares of PacWest Bancorp from $45.00 to $38.00 and set a buy rating on the stock in a report on Monday, June 13th. Stephens decreased their price target on shares of PacWest Bancorp to $48.00 in a research note on Friday, June 3rd. Wells Fargo & Company decreased their target price on shares of PacWest Bancorp from $60.00 to $50.00 and set an overweight rating for the company in a research report on Thursday, April 21st. Finally, Raymond James dropped their target price on shares of PacWest Bancorp from $62.00 to $51.00 and set a strong-buy rating on the stock in a research note on Thursday, April 21st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PacWest Bancorp has a consensus rating of Moderate Buy and an average target price of $46.71.

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PACW opened at $27.26 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.51. PacWest Bancorp has a 12 month low of $25.60 and a 12 month high of $51.81. The company has a fifty day simple moving average of $30.06 and a 200 day simple moving average of $39.93. The stock has a market cap of $3.20 billion, a P/E ratio of 5.63 and a beta of 1.44.

PacWest Bancorp (NASDAQ:PACW – Get Rating) last released its earnings results on Tuesday, April 19th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.04). PacWest Bancorp had a return on equity of 14.96% and a net margin of 41.84%. The firm had revenue of $329.54 million for the quarter, compared to the consensus estimate of $342.21 million. During the same quarter last year, the company posted $1.27 EPS. On average, equities research analysts expect that PacWest Bancorp will post 4.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th were given a $0.25 dividend. The ex-dividend date was Friday, May 13th. This represents a $1.00 annualized dividend and a dividend yield of 3.67%. PacWest Bancorp's dividend payout ratio is 20.66%.

In related news, CEO Matthew P. Wagner purchased 20,000 shares of PacWest Bancorp stock in a transaction dated Monday, June 6th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $500,000.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares of the company's stock, valued at approximately $500,000. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul W. Taylor acquired 8,000 shares of the company's stock in a transaction that occurred on Monday, June 6th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $200,000.00. Following the acquisition, the director now owns 8,000 shares of the company's stock, valued at approximately $200,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 42,000 shares of company stock valued at $1,050,000. Corporate insiders own 1.25% of the company's stock.

A number of large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings in shares of PacWest Bancorp by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the financial services provider's stock worth $1,360,000 after buying an additional 200 shares in the last quarter. CIBC World Markets Inc. increased its position in PacWest Bancorp by 1.1% in the fourth quarter. CIBC World Markets Inc. now owns 20,756 shares of the financial services provider's stock worth $938,000 after purchasing an additional 230 shares during the last quarter. Van ECK Associates Corp increased its position in PacWest Bancorp by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 2,774 shares of the financial services provider's stock worth $125,000 after purchasing an additional 275 shares during the last quarter. Commerce Bank increased its position in PacWest Bancorp by 1.5% in the fourth quarter. Commerce Bank now owns 18,473 shares of the financial services provider's stock worth $835,000 after purchasing an additional 275 shares during the last quarter. Finally, Securian Asset Management Inc. increased its position in PacWest Bancorp by 3.1% in the first quarter. Securian Asset Management Inc. now owns 10,730 shares of the financial services provider's stock worth $463,000 after purchasing an additional 318 shares during the last quarter. 88.68% of the stock is currently owned by institutional investors and hedge funds.

PacWest Bancorp Company Profile (Get Rating)

PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases.

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