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PacWest Bancorp Stock Price, Forecast & Analysis (NASDAQ:PACW)

$38.61
-0.54 (-1.38 %)
(As of 11/13/2019 10:43 AM ET)
Today's Range
$38.53
Now: $38.61
$38.96
50-Day Range
$34.88
MA: $37.00
$39.46
52-Week Range
$31.16
Now: $38.61
$41.84
Volume4,914 shs
Average Volume881,525 shs
Market Capitalization$4.56 billion
P/E Ratio10.38
Dividend Yield6.14%
Beta1.5
PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the start-up operations of entrepreneurial companies; and equipment-secured loans and leases. Read More…

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:PACW
CUSIP69526310
Phone310-887-8500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.31 billion
Cash Flow$4.40 per share
Book Value$39.63 per share

Profitability

Net Income$465.34 million

Miscellaneous

Employees1,833
Market Cap$4.56 billion
Next Earnings Date1/16/2020 (Estimated)
OptionableOptionable

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PacWest Bancorp (NASDAQ:PACW) Frequently Asked Questions

What is PacWest Bancorp's stock symbol?

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

How often does PacWest Bancorp pay dividends? What is the dividend yield for PacWest Bancorp?

PacWest Bancorp announced a 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. The ex-dividend date of this dividend is Tuesday, November 19th. View PacWest Bancorp's Dividend History.

How will PacWest Bancorp's stock buyback program work?

PacWest Bancorp declared that its Board of Directors has approved a share repurchase 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 generally an indication that the company's board of directors believes its shares are undervalued.

How were PacWest Bancorp's earnings last quarter?

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

When is PacWest Bancorp's next earnings date?

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

What price target have analysts set for PACW?

7 Wall Street analysts have issued 12-month target prices for PacWest Bancorp's shares. Their forecasts range from $38.00 to $45.00. On average, they anticipate PacWest Bancorp's share price to reach $41.50 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price. View Analyst Price Targets for PacWest Bancorp.

What is the consensus analysts' recommendation 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.

What are Wall Street analysts saying about PacWest Bancorp stock?

Here are some recent quotes from research analysts about PacWest Bancorp stock:
  • 1. According to Zacks Investment Research, "PacWest Bancorp is a bank holding company with one wholly-owned banking subsidiary, Pacific Western Bank (the Bank). The Company provides commercial banking services, including real estate, construction, and commercial loans, and comprehensive deposit and treasury management services to small and medium-sized businesses. PacWest offers additional products and services through its CapitalSource and Square 1 Bank divisions. Its CapitalSource Division provides asset-based, equipment, real estate and security cash flow loans and treasury management services to established middle market businesses on a national basis. Its Square 1 Bank Division offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors, with offices located in key innovation hubs across the United States. " (10/15/2019)
  • 2. Stephens analysts commented, "We believe investor expectations were low for PACW’s 2Q results given fears around muted loan growth and continued NIM pressures. While mixed, we thought the in-line results ($0.94) were overall OK. Although lower q/q, 3.5% LQA loan growth was slightly better than Street’s expectations; and we view the NIM to be a push, as (ex. elevated prepay fees) the core loan-deposit spread came in 1 bps better than we anticipated which, coupled with lower liquidity due to elevated securities sales ($980 mil.), drove a 3 bps core NIM beat but ultimately a $4.3 mil. core FTE NII miss. Credit results were fine, including elevated NCOs but lower NPLs and special mention loans. We have an Overweight rating given the above peer profitability profile (1.72% ROA in 2Q) and discounted valuation of 9.8x our 2020 EPS." (7/16/2019)

Has PacWest Bancorp been receiving favorable news coverage?

Press coverage about PACW stock has trended very negative on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PacWest Bancorp earned a news sentiment score of -3.2 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for PacWest Bancorp.

Who are some of PacWest Bancorp's key competitors?

What other stocks do shareholders of PacWest Bancorp own?

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), General Electric (Ge), Intel (INTC), Altria Group (MO), Pfizer (PFE), Verizon Communications (VZ), Micron Technology (MU) and Ford Motor (F).

Who are PacWest Bancorp's key executives?

PacWest Bancorp's management team includes the folowing people:
  • Mr. Matthew P. Wagner, Pres, CEO & Director (Age 62)
  • Mr. Patrick J. Rusnak, Exec. VP & CFO (Age 55)
  • Mr. James J. Pieczynski, Exec. VP & Vice Chairman (Age 56)
  • Mr. Bryan M. Corsini, Chief Credit Officer & Exec. VP (Age 57)
  • Mr. Laird M. Boulden, Exec. VP & Pres of National Lending Group (Age 61)

Who are PacWest Bancorp's major shareholders?

PacWest Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (0.75%), Fisher Asset Management LLC (0.63%), GW&K Investment Management LLC (0.30%), Vaughan Nelson Investment Management L.P. (0.29%), Rhumbline Advisers (0.28%) and California Public Employees Retirement System (0.27%). 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.

Which institutional investors are selling PacWest Bancorp stock?

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

Which institutional investors are buying PacWest Bancorp stock?

PACW stock was acquired by a variety of institutional investors in the last quarter, including Chicago Equity Partners LLC, First Trust Advisors LP, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, D.A. Davidson & CO., Systematic Financial Management LP, Pinnacle Financial Partners Inc. and Strs Ohio. 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.

How do I buy shares of 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.

What is PacWest Bancorp's stock price today?

One share of PACW stock can currently be purchased for approximately $38.59.

How big of a company is PacWest Bancorp?

PacWest Bancorp has a market capitalization of $4.56 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.

What is PacWest Bancorp's official website?

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

How can I contact PacWest Bancorp?

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.


MarketBeat Community Rating for PacWest Bancorp (NASDAQ PACW)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  401 (Vote Outperform)
Underperform Votes:  405 (Vote Underperform)
Total Votes:  806
MarketBeat's community ratings are surveys of what our community members think about PacWest Bancorp and other stocks. Vote "Outperform" if you believe PACW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PACW will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/13/2019 by MarketBeat.com Staff

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