PacWest Bancorp Company Profile (NASDAQ:PACW)

PacWest Bancorp trades on the NASDAQ under the ticker symbol "PACW."

PacWest Bancorp announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Monday, August 21st will be paid a dividend of $0.50 per share on Thursday, August 31st. This represents a $2.00 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Thursday, August 17th. View PacWest Bancorp's Dividend History.

PacWest Bancorp (NASDAQ:PACW) announced its quarterly earnings results on Tuesday, October, 17th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.09. The business had revenue of $273.07 million for the quarter, compared to analysts' expectations of $281.14 million. PacWest Bancorp had a return on equity of 7.87% and a net margin of 30.80%. During the same quarter in the previous year, the firm earned $0.77 earnings per share. View PacWest Bancorp's Earnings History.

PacWest Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, January, 18th 2018. View Earnings Estimates for PacWest Bancorp.

11 brokers have issued 1 year price objectives for PacWest Bancorp's shares. Their predictions range from $48.00 to $61.00. On average, they expect PacWest Bancorp's share price to reach $53.00 in the next year. View Analyst Ratings for PacWest Bancorp.

Here are some recent quotes from research analysts about PacWest Bancorp stock:

• 1. According to Zacks Investment Research, "PACWEST BANCORP, formerly First Community Bancorp, with one wholly-owned banking subsidiary, Pacific Western Bank. Through sixty full-service community banking branches, Pacific Western provides commercial banking services, including real estate, construction and commercial loans, to small and medium-sized businesses. Pacific Western's branches are located in Los Angeles, Orange, Riverside, San Diego and San Bernardino Counties. Through its subsidiary BFI Business Finance and its divisions First Community Financial and Pacific Western SBA Lending, Pacific Western also provides working capital financing to growing companies located throughout the Southwest, primarily in the states of Arizona, California and Texas. " (10/20/2017)
• 2. FBR & Co analysts commented, "We reiterate our Outperform rating on PacWest Bancorp and our $62 price target, equal to 19.4x our 2018 EPS estimate, following 4Q16 results. Higher operating expenses and elevated provision levels triggered a miss this quarter, although both were caused by a strong quarter for loan growth, which should bear fruit over time. PacWest repurchased $28M worth of stock in 4Q, but market volatility following the election may have reduced the appeal of repurchases, which fell short of our expectations. We have reduced our repurchase outlook, but note that PACW still has significant excess capital, which gives it flexibility and options. Profitability remains strong (1.4% ROAA, 12.8% ROTCE, 46% efficiency). A best-in-class NIM, asset- sensitive balance sheet, ample capital, and relatively big dividend are other reasons we remain positive on the name." (1/20/2017)
• 3. FIG Partners analysts commented, "PACW reported 4Q16 EPS at $0.71 which met Street consensus and missed FIG estimate by $0.01. Solid top-line revenues and Core NIM (excluding purchase acct. marks) expanded by 6 basis points. Loan growth was stronger on gross production with less paydowns, with 19% annualized net growth (see Page 2). But, the compa-ny also built loan loss reserves worth $0.05 per share as we share in our 4Q16 fundamental trends in this report." (1/20/2017)

Some companies that are related to PacWest Bancorp include BanColombia S.A. (CIB), Grupo Aval Acciones y Valores S.A. (AVAL), SVB Financial Group (SIVB), Grupo Supervielle SA -ADR (SUPV), East West Bancorp (EWBC), Macro Bank (BMA), Signature Bank (SBNY), Grupo Financiero Galicia S.A. (GGAL), CIT Group (CIT), Cullen/Frost Bankers (CFR), New York Community Bancorp (NYCB), Bank of the Ozarks (OZRK), Commerce Bancshares (CBSH), Synovus Financial Corp. (SNV), Webster Financial Corporation (WBS), City National Corp (CYN), Ita? CorpBanca (ITCB) and First Citizens BancShares (FCNCA).

PacWest Bancorp's management team includes the folowing people:

• John M. Eggemeyer III, Chairman of the Board
• Matthew Paul Wagner, President, Chief Executive Officer, Director of the company and Pacific Western Bank
• Patrick J. Rusnak, Chief Financial Officer, Executive Vice President
• Bart R. Olson, Executive Vice President and Chief Accounting Officer of the Company and Pacific Western Bank
• Stanley R. Ivie, Executive Vice President, Chief Risk Officer of the company and Pacific Western Bank
• Kori L. Ogrosky, Executive Vice President, General Counsel, Corporate Secretary of the Company; Executive Vice President and Corporate Secretary of Pacific Western Bank
• Christopher D. Blake, Executive Vice President and Director of Human Resources of the Company and Pacific Western Bank
• James J. Pieczynski, Executive Vice President, Director; President of CapitalSource, and Director of Pacific Western Bank
• Donald D. Destino, Executive Vice President, Corporate Development and Investor Relations
• Mark Christian, Executive Vice President, Manager - Operations and Systems of the Company and Pacific Western Bank

PacWest Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.22%), Mutual of America Capital Management LLC (0.08%), Sit Investment Associates Inc. (0.04%) and Private Asset Management Inc. (0.01%). Company insiders that own PacWest Bancorp stock include Barry C Fitzpatrick, Bryan M Corsini, Christopher D Blake, Craig A Carlson, Daniel B Platt, Donald D Destino, James Pieczynski, John M Eggemeyer III, Kori Ogrosky, Lynn M Hopkins, Mark A Christian, Matthew P Wagner, Patrick J Rusnak, Paul Robert Burke, Robert A Stine, Roger H Molvar, Suzanne R Brennan and Victor R Santoro. View Institutional Ownership Trends for PacWest Bancorp.

PacWest Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Private Asset Management Inc. and Fisher Asset Management LLC. Company insiders that have sold PacWest Bancorp stock in the last year include Barry C Fitzpatrick, Bryan M Corsini, Christopher D Blake, Craig A Carlson, John M Eggemeyer III and Mark A Christian. View Insider Buying and Selling for PacWest Bancorp.

PacWest Bancorp's stock was purchased by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc. and Mutual of America Capital Management LLC. Company insiders that have bought PacWest Bancorp stock in the last two years include Craig A Carlson, Daniel B Platt, Donald D Destino, James Pieczynski, Matthew P Wagner, Patrick J Rusnak, Robert A Stine and Roger H Molvar. View Insider Buying and Selling for PacWest Bancorp.

Shares of PacWest Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PacWest Bancorp stock can currently be purchased for approximately $47.99.