- The combination of the management’s team expansion efforts, digital platform enhancement, and economic factors will likely drive loan growth in the remainder of the year.
- The topline is moderately sensitive to interest rate changes.
- The provision expense, net of reversals, will likely be higher this year relative to last year but below the pre-pandemic average.
- The December 2022 target price suggests a high upside from the current market price. Further, PACW is offering a decent dividend yield.
For further details see:
PacWest Bancorp: Attractively Valued With Good Prospects Of Strong Loan Growth