DA Davidson downgraded PacWest Bancorp from Buy to Neutral and set a new price target of $3.00 from $19.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/8/2023 | $8.75 | Hold | Odeon |
| 5/4/2023 | $19.00 → $3.00 | Buy → Neutral | DA Davidson |
| 3/13/2023 | $31.00 → $29.00 | Neutral → Buy | DA Davidson |
| 12/15/2022 | $32.00 → $26.00 | Overweight → Equal Weight | Wells Fargo |
| 12/9/2022 | $26.00 | Buy → Hold | Truist |
| 10/6/2022 | $43.00 → $28.00 | Buy → Neutral | DA Davidson |
| 7/22/2022 | $47.00 → $35.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 7/7/2022 | Strong Buy → Mkt Perform | Raymond James |
4 - PACWEST BANCORP (0001102112) (Issuer)
4 - PACWEST BANCORP (0001102112) (Issuer)
4 - PACWEST BANCORP (0001102112) (Issuer)
Odeon initiated coverage of PacWest Bancorp with a rating of Hold and set a new price target of $8.75
DA Davidson downgraded PacWest Bancorp from Buy to Neutral and set a new price target of $3.00 from $19.00 previously
DA Davidson upgraded PacWest Bancorp from Neutral to Buy and set a new price target of $29.00 from $31.00 previously
Combined bank emerges as the third-largest bank headquartered in California and one of the nation's premier relationship-focused business banks Banc of California, Inc. ("Banc of California") (NYSE:BANC) today announced the completion of its transformational merger with PacWest Bancorp ("PacWest") (NASDAQ:PACW), pursuant to which PacWest has merged into Banc of California, and as of December 1, 2023, Banc of California, N.A. will have merged into Pacific Western Bank (the "combined bank"). The combined bank will operate under the Banc of California name and brand. Concurrent with the completion of the merger, Banc of California also completed its $400 million equity raise from affiliates
Merger proposal receives in excess of 98% approval of the shares voted from each of Banc of California and PacWest Bancorp stockholders Banc of California, Inc. ("Banc of California") (NYSE:BANC) and PacWest Bancorp ("PacWest") (NASDAQ:PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest. The final results for the proposals voted on at the special meetings of each company's stockholders held today will be set forth in the companies' separate Current Reports on Form 8-K to be filed with the U.S. Securities and Exchange
SANTA ANA, Calif. and LOS ANGELES, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Banc of California, Inc. ("Banc of California") (NYSE:BANC) and PacWest Bancorp ("PacWest") (NASDAQ:PACW) today jointly announced that, at their respective special meetings of stockholders held earlier today, they each received the necessary stockholder approval for the proposed combination of Banc of California and PacWest. The final results for the proposals voted on at the special meetings of each company's stockholders held today will be set forth in the companies' separate Current Reports on Form 8-K to be filed with the U.S. Securities and Exchange Commissions (the "SEC"). The transaction is expected to close as pla