Raymond James sticks to his buy note for Pacwest Bancorp By Investing.com
Raymond James analyst David Long maintained a buy rating on Pacwest Bancorp (NASDAQ 🙂 on Tuesday, setting a price target of $ 59, or about 19.70% above the current price of the. share of $ 49.29.
Long expects Pacwest Bancorp to post earnings per share (EPS) of $ 1.17 for the fourth quarter of 2021.
The current consensus between 6 TipRanks Analysts are for a strong buy rating of Pacwest Bancorp shares, with an average price target of $ 57.67.
Analysts’ price targets range from a high of $ 62 to a low of $ 55.
In its latest earnings report, released 9/30/2021, the company reported quarterly revenue of $ 318.47 million and net income of $ 0. The company’s market capitalization is $ 5.89 billion.
According to TipRanks.com, Raymond James analyst David Long is currently rated with 4 stars on a 0 to 5 star rating scale, with an average performance of 9.1% and a success rate of 48.88%.
PacWest Bancorp is a banking holding company specializing in financial and banking solutions. Through Pacific Western Bank, it provides commercial banking services, including real estate, construction, commercial lending, full deposit and cash management services to small and medium-sized businesses. The company was founded on October 22, 1999 and is headquartered in Beverly Hills, California.
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