- Loans will likely continue to grow strongly because of the economic recovery and acquisition of Union Bank’s Homeowners Association Business.
- A shift in asset mix towards securities and cash will likely compress the net interest margin in the coming quarters.
- Strong loan growth will normalize the provision expense next year.
- The December 2022 target price suggests a high upside from the current market price. Moreover, PACW is offering a modest dividend yield.
For further details see:
PacWest Bancorp: Attractive Valuation With A Prospect Of Strong Loan Growth