- A high allowance level and an improvement in the Californian market will likely keep the provision expense for loan losses subdued in the year ahead.
- The vaccine-driven economic recovery will likely drive loan growth in the year ahead.
- The heightened liquidity will likely continue to pressurize the net interest margin in the remainder of the year.
- The year-end target price suggests a decent upside from the current market price. Further, PacWest is offering a modest dividend yield.
For further details see:
PacWest Bancorp: Net Reversals Of Provisions To Drive Earnings