5 Stocks to Buy According to Fred Cummings’ Elizabeth Park Capital

4. PacWest Bancorp (NASDAQ:PACW)

Elizabeth Park Capital’s Stake Value: $9 million

Percentage of Elizabeth Park Capital’s 13F Portfolio: 3.18%

Number of Hedge Fund Holders: 33

PacWest Bancorp (NASDAQ:PACW) is among the 10 stocks to buy according to Fred Cummings’ Elizabeth Park Capital. Its shares rallied more than 40% in the last twelve months, thanks to improving financial numbers and market fundamentals. PacWest Bancorp is also a good dividend stock with a dividend yield of 2%. The company posted earnings per share of $5.05 in fiscal 2021 compared to a loss of $10.6 per share in the past year. 

PacWest Bancorp (NASDAQ:PACW) was in 33 hedge funds’ portfolios at the end of the third quarter of 2021.