PFBC - PacWest Bancorp: Stay For The 6.3% Yield And Remain Patient In 2020
PacWest Bancorp (PACW) continues to see its share price struggle even as other specialty banks (many of which have operations in the same region) have begun to see share prices improve. This is significant because my last article titled PacWest Bancorp: Improving Credit Quality Overshadows Net Interest Margin Deterioration was published on May 15th when all three banks were underperforming relative to the Invesco KBW Regional Banking ETF (KBWR).
Data by YCharts
The chart above represents a YTD-2019 total price % change which shows that PACW's performance is still in line with KBWR's performance YTD-2019,