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Sterne Agee Reiterates Buy on PacWest Bancorp Following CSE Merger Announcement

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In a report published Friday, Sterne Agee analyst Todd L. Hagerman reiterated a Buy rating and $45.00 price target on PacWest Bancorp (NASDAQ: PACW).

In the report, Sterne Agee noted, “Reiterating our BUY rating as the announced PACW/CSE merger continues apace. Given PACW's strong track record in executing/integrating acquisitions, in addition to the highly complementary pieces of the recently announced deal, our sense is this transformational acquisition may exceed conservative expectations.”

PacWest Bancorp closed on Thursday at $33.92.

Latest Ratings for PACW

DateFirmActionFromTo
Sep 2016JMP SecuritiesInitiates Coverage onMarket Outperform
Jul 2016D.A. DavidsonDowngradesBuyNeutral
Mar 2016Keefe, Bruyette & WoodsMaintainsOutperform

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Posted-In: Sterne Agee Todd L. HagermanAnalyst Color Reiteration Analyst Ratings

 

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