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PacWest Bancorp (NASDAQ:PACW) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded PacWest Bancorp (NASDAQ:PACW) to Sell in a statement released on 06/08/2017.

Boasting a price of $46.03, PacWest Bancorp (NASDAQ:PACW) traded -0.02% lower on the day. With the last stock price close down 1.23% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. PacWest Bancorp has recorded a 50-day average of $47.16 and a two hundred day average of $48.03. Volume of trade was down over the average, with 608,447 shares of PACW changing hands under the typical 691,023

Performance Chart

PacWest Bancorp (NASDAQ:PACW)

With a total market value of $0, PacWest Bancorp has price-earnings ratio of 16.79 with a one year low of $41.10 and a one year high of $57.53 .

A total of 9 equity analysts have released a research note on PACW. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $43.56.

Brief Synopsis About PacWest Bancorp (NASDAQ:PACW)

PacWest Bancorp is a bank holding company for Pacific Western Bank (the Bank). The Company is focused on relationship-based business banking to small, middle-market and venture-backed businesses. As of December 31, 2016, the Bank offered a range of loan and deposit products and services through 77 branches located throughout the state of California, one branch located in Durham, North Carolina, and several loan production offices located in cities across the country. The Company provides commercial banking services, and deposit and treasury management services to small and middle-market businesses. It offers products and services through its CapitalSource and Square 1 Bank divisions. In addition, the Company provides investment advisory and asset management services to select clients through Square 1 Asset Management, Inc., a subsidiary of the Bank.

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