NASDAQ:PACW - PacWest Bancorp Stock Price, Forecast & News

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

PacWest Bancorp announced a quarterly dividend on Friday, November 1st. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.60 per share on Friday, November 29th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Tuesday, November 19th. View PacWest Bancorp's Dividend History.

PacWest Bancorp declared that its Board of Directors has approved a stock buyback program on Monday, February 19th 2018, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

PacWest Bancorp (NASDAQ:PACW) announced its quarterly earnings data on Wednesday, October, 16th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.93 by $0.01. The financial services provider earned $285.67 million during the quarter, compared to the consensus estimate of $290.49 million. PacWest Bancorp had a return on equity of 9.61% and a net margin of 33.80%. During the same period last year, the business posted $0.94 earnings per share. View PacWest Bancorp's Earnings History.

PacWest Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, January 16th 2020. View Earnings Estimates for PacWest Bancorp.

7 Wall Street analysts have issued 12 month price targets for PacWest Bancorp's stock. Their forecasts range from $38.00 to $45.00. On average, they expect PacWest Bancorp's stock price to reach $41.50 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price. View Analyst Price Targets for PacWest Bancorp.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PacWest Bancorp.

News stories about PACW stock have trended neutral on Saturday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PacWest Bancorp earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for PacWest Bancorp.

Some companies that are related to PacWest Bancorp include PNC Financial Services Group (PNC), BB&T (BBT), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC) and BOK Financial (BOKF).

Based on aggregate information from My MarketBeat watchlists, some companies that other PacWest Bancorp investors own include Cisco Systems (CSCO), AT&T (T), Exxon Mobil (XOM), Altria Group (MO), Pfizer (PFE), Verizon Communications (VZ), Intel (INTC), General Electric (Ge), Micron Technology (MU) and Bristol-Myers Squibb (BMY).

PacWest Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (3.64%), First Trust Advisors LP (0.75%), Fisher Asset Management LLC (0.63%), Parametric Portfolio Associates LLC (0.61%), Millennium Management LLC (0.44%) and GW&K Investment Management LLC (0.30%). Company insiders that own PacWest Bancorp stock include Bryan M Corsini, Christopher D Blake, Craig A Carlson, Daniel B Platt, James Pieczynski, John M Eggemeyer III, Mark A Christian, Mark Yung, Matthew P Wagner, Stanley R Ivie and Tanya M Acker. View Institutional Ownership Trends for PacWest Bancorp.

PACW stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, WBI Investments Inc., GW&K Investment Management LLC, Public Employees Retirement Association of Colorado, Parametric Portfolio Associates LLC, W.E. Donoghue & Co. LLC, Dupont Capital Management Corp and Brookstone Capital Management. View Insider Buying and Selling for PacWest Bancorp.

PACW stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Chicago Equity Partners LLC, First Trust Advisors LP, State of New Jersey Common Pension Fund D, Sunbelt Securities Inc., California Public Employees Retirement System, D.A. Davidson & CO. and Systematic Financial Management LP. Company insiders that have bought PacWest Bancorp stock in the last two years include James Pieczynski, John M Eggemeyer III, Mark Yung, Matthew P Wagner and Tanya M Acker. View Insider Buying and Selling for PacWest Bancorp.

Shares of PACW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PACW stock can currently be purchased for approximately $37.77.

PacWest Bancorp has a market capitalization of $4.46 billion and generates $1.31 billion in revenue each year. The financial services provider earns $465.34 million in net income (profit) each year or $3.72 on an earnings per share basis. PacWest Bancorp employs 1,833 workers across the globe.View Additional Information About PacWest Bancorp.

The official website for PacWest Bancorp is http://www.pacwestbancorp.com/.

PacWest Bancorp's mailing address is 9701 Wilshire Boulevard Suite 700, Beverly Hills CA, 90212. The financial services provider can be reached via phone at 310-887-8500.