PacWest Bancorp sank -12.87% to a price of $11.37, as smaller banks remain under pressure after the collapse of Silicon Valley Bank.
PacWest Bancorp is the banking holding company for Pacific Western Bank offering various banking products and services. The company belongs to the Finance sector, which has an average price to earnings (P/E) ratio of 14.34 and an average price to book (P/B) ratio of 1.57. In contrast, PacWest Bancorp has a trailing 12 month P/E ratio of 2.52 and a P/B ratio of 0.843.
PacWest Bancorp has moved -74.34% over the last year compared to -11.78% for the S&P 500 -- a difference of -62.56%. PacWest Bancorp has a 52 week high of $45.14 and a 52 week low of $5.0. At today's price of $11.37 per share, PacWest Bancorp is -62.51% away from its target price of $30.33, and on average, analysts give the stock a rating of buy. 4% of the company's shares are linked to short positions, and 95% of the shares are owned by institutional investors.