Pacwest Bancorp (PACW) Misses Q1 EPS by 6c

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PacWest Bancorp (PACW) PT Lowered to $57 at Piper Jaffray Following 1Q

April 18, 2017 8:22 AM EDT

Piper Jaffray lowered its price target on PacWest Bancorp (NASDAQ: PACW) to $57.00 (from $63.00) while maintaining a Overweight rating following the company's 1Q earnings report. PACW reported 1Q operating EPS of $0.60 compared to the consensus estimate of $0.72.

Piper Jaffray trimmed 2017 and 2018 estimates to $2.90 and $3.34... More