Wells Fargo (NYSE:WFC) analyst Jared Shaw maintained a Buy rating on Pacwest Bancorp (NASDAQ:PACW) on Thursday, setting a price target of $47, which is approximately 14.89% above the present share price of $40.91.
Shaw expects Pacwest Bancorp to post earnings per share (EPS) of $1.27 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Pacwest Bancorp, with an average price target of $49.33.
The analysts price targets range from a high of $55 to a low of $43.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $298.09 million and a net profit of $0. The company's market cap is $4.87 billion.
According to TipRanks.com, Wells Fargo analyst Jared Shaw is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.7% and a 55.88% success rate.
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. The company was founded on October 22, 1999 and is headquartered in Beverly Hills, CA.