FBR Capital Maintains a 'Market Perform' on PacWest Bancorp (PACW); 2Q11 First Look -- Core EPS of $0.31
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Price: $7.54 --0%
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital maintains a 'Market Perform' on PacWest Bancorp (NASDAQ: PACW).
FBR analyst says, "We expect that PACW Shares will outperform peers today on a strong headline number and some short covering (10% short interest); Overall, PACW reported a strong 2Q11 bolstered by beneficial purchase accounting adjustments on covered loan paydowns. Loan growth remains elusive as loans payoff and demand remains weak."
For more ratings news on PacWest Bancorp click here and for the rating history of PacWest Bancorp click here.
Shares of PacWest Bancorp closed at $19.52 yesterday.
FBR analyst says, "We expect that PACW Shares will outperform peers today on a strong headline number and some short covering (10% short interest); Overall, PACW reported a strong 2Q11 bolstered by beneficial purchase accounting adjustments on covered loan paydowns. Loan growth remains elusive as loans payoff and demand remains weak."
For more ratings news on PacWest Bancorp click here and for the rating history of PacWest Bancorp click here.
Shares of PacWest Bancorp closed at $19.52 yesterday.
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