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

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$38.61 +0.64 (+1.69 %)
(As of 05/21/2019 04:00 PM ET)
Previous Close$37.97
Today's Range$38.05 - $38.62
52-Week Range$31.16 - $55.86
Volume605,900 shs
Average Volume1.00 million shs
Market Capitalization$4.59 billion
P/E Ratio10.38
Dividend Yield6.32%
Beta1.53
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. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, and online and mobile banking services; and foreign exchange and ATM services. The company offers its products and services to small and mid-sized companies, entrepreneurial businesses and their venture capital, private equity investors, professionals, and other individuals. As of January 31, 2019, it had 74 full-service branches located throughout the state of California; and 1 branch in Durham, North Carolina. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.

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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$4.5855 per share
Book Value$40.32 per share

Profitability

Net Income$465.34 million

Miscellaneous

Employees1,833
Market Cap$4.59 billion
Next Earnings Date7/16/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Wednesday, May 1st. Shareholders of record on Monday, May 20th will be paid a dividend of $0.60 per share on Friday, May 31st. This represents a $2.40 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend is Friday, May 17th. View PacWest Bancorp's Dividend History.

How will PacWest Bancorp's stock buyback program work?

PacWest Bancorp announced that its board has authorized a stock repurchase program on Monday, February 19th 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

How were PacWest Bancorp's earnings last quarter?

PacWest Bancorp (NASDAQ:PACW) issued its quarterly earnings data on Tuesday, April, 16th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.01. The financial services provider had revenue of $285.94 million for the quarter, compared to analyst estimates of $291.86 million. PacWest Bancorp had a net margin of 34.47% and a return on equity of 9.58%. During the same quarter last year, the company posted $0.93 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 Tuesday, July 16th 2019. View Earnings Estimates for PacWest Bancorp.

What price target have analysts set for PACW?

9 Wall Street analysts have issued twelve-month price targets for PacWest Bancorp's shares. Their predictions range from $38.00 to $58.00. On average, they expect PacWest Bancorp's share price to reach $44.8750 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price. View Analyst Price Targets for PacWest Bancorp.

What is the consensus analysts' recommendation for PacWest Bancorp?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PacWest Bancorp.

Has PacWest Bancorp been receiving favorable news coverage?

News headlines about PACW stock have been trending somewhat negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. 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 coverage optimism score of -1.2 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.

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), Micron Technology (MU), JPMorgan Chase & Co. (Jpm), Applied Materials (AMAT), Ford Motor (F), General Electric (Ge), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA) and Johnson & Johnson (JNJ).

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 a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.68%), Principal Financial Group Inc. (3.82%), Wells Fargo & Company MN (3.79%), Janus Henderson Group PLC (3.27%), Dimensional Fund Advisors LP (2.87%) and Goldman Sachs Group Inc. (2.41%). 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 Yung, Matthew P Wagner, Patrick J Rusnak, 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 TimesSquare Capital Management LLC, BlackRock Inc., Victory Capital Management Inc., Wellington Management Group LLP, Goldman Sachs Group Inc., Renaissance Technologies LLC, Vaughan Nelson Investment Management L.P. and Monarch Partners Asset Management LLC. Company insiders that have sold PacWest Bancorp company stock in the last year include Bryan M Corsini, Christopher D Blake and Craig A Carlson. View Insider Buying and Selling for PacWest Bancorp.

Which institutional investors are buying PacWest Bancorp stock?

PACW stock was purchased by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Principal Financial Group Inc., Lazard Asset Management LLC, Raymond James & Associates, The Manufacturers Life Insurance Company , Federated Investors Inc. PA, First Trust Advisors LP and Charles Schwab Investment Management Inc.. 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, Patrick J Rusnak 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, Scottrade, Fidelity and Charles Schwab.

What is PacWest Bancorp's stock price today?

One share of PACW stock can currently be purchased for approximately $38.61.

How big of a company is PacWest Bancorp?

PacWest Bancorp has a market capitalization of $4.59 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.

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:  361 (Vote Outperform)
Underperform Votes:  351 (Vote Underperform)
Total Votes:  712
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 5/21/2019 by MarketBeat.com Staff

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