- For the past three years, depending on your entry point, it’s been a long, rough road as a PacWest investor.
- The Street's estimates for 2021 earnings of $4.17 per share seem to incorporate 1) rising rates and an expanding margin, 2) reversals of past loss provisions and 3) non-recurring gains.
- My estimated core earnings for the trailing twelve months are $2.97.
- Some investors have doubled their money from the lows. There may be some room to run to $55 per share or so, but this investor is exiting at $45 to $50 per share.
For further details see:
PacWest Bancorp: Time To Move On