Regional Bank PacWest Is Reportedly Weighing a Sale. What Should Investors Do?
After a bizarre few days of trading, it appears that the market's anxiety about regional banks might not have eased after all. Shares of PacWest Bancorp (NASDAQ: PACW) crashed in after-hours trading Wednesday, down more than 53% as of 7:50 p.m. ET, as Bloomberg reported that the bank is weighing strategic options, including a potential sale.
Bloomberg also reported that PacWest, which is based in Los Angeles and has $44 billion in assets, is considering breaking itself up or raising capital.
With the stock getting crushed, what should investors do? Let's take a look.
Source Fool.com
Pacwest Bancorp. Stock
€6.95
-2.820%
The community is currently still undecided about Pacwest Bancorp. with 2 Buy predictions and 0 Sell predictions.
With a target price of 8 € there is a slightly positive potential of 15.11% for Pacwest Bancorp. compared to the current price of 6.95 €.
