NASDAQ:PACWPacWest Bancorp Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding PacWest Bancorp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $19.27 +1.77 (+10.11 %) (As of 04/9/2020 03:55 AM ET) Add Compare Share Today's Range$17.61Now: $19.27▼$19.3350-Day Range$14.14MA: $25.18▼$37.1352-Week Range$13.84Now: $19.27▼$40.60Volume1.64 million shsAverage Volume1.39 million shsMarket Capitalization$2.24 billionP/E Ratio4.95Dividend Yield13.71%Beta1.77 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.2 Analyst's Opinion Consensus RatingPacWest Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $40.33, PacWest Bancorp has a potential upside of 109.3% from its current price of $19.27.Amount of Analyst CoveragePacWest Bancorp has only been the subject of 1 research reports in the past 90 days. Previous Next 2.4 Community Rank Outperform VotesPacWest Bancorp has received 444 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPacWest Bancorp has received 470 “underperform” votes. (Add your “underperform” vote.)Community SentimentPacWest Bancorp has received 51.42% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipPacWest Bancorp is a leading dividend payer. It pays a dividend yield of 13.71%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPacWest Bancorp has been increasing its dividend for 9 years.Dividend CoverageThe dividend payout ratio of PacWest Bancorp is 61.54 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, PacWest Bancorp will have a dividend payout ratio of 78.95 % in the coming year. This indicates that PacWest Bancorp may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PacWest Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $474,232.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.18% of the stock of PacWest Bancorp is held by insiders.Percentage Held by Institutions87.82% of the stock of PacWest Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for PacWest Bancorp are expected to grow by 5.19% in the coming year, from $2.89 to $3.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PacWest Bancorp is 4.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.13.Price to Earnings Ratio vs. SectorThe P/E ratio of PacWest Bancorp is 4.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.10.Price to Earnings Growth RatioPacWest Bancorp has a PEG Ratio of 0.55. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioPacWest Bancorp has a P/B Ratio of 0.46. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.2Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.33 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry National commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:PACW Previous Symbol CUSIP69526310 CIK1102112 Webhttp://www.pacwestbancorp.com/ Phone310-887-8500Debt Debt-to-Equity Ratio0.45 Current Ratio0.99 Quick Ratio0.99Price-To-Earnings Trailing P/E Ratio4.95 Forward P/E Ratio6.67 P/E Growth0.55 Sales & Book Value Annual Sales$1.36 billion Price / Sales1.65 Cash Flow$5.82 per share Price / Cash Flow3.31 Book Value$41.91 per share Price / Book0.46Profitability EPS (Most Recent Fiscal Year)$3.90 Net Income$468.64 million Net Margins34.40% Return on Equity9.60% Return on Assets1.77%Miscellaneous Employees1,835 Outstanding Shares116,480,000Market Cap$2.24 billion Next Earnings Date4/21/2020 (Estimated) OptionableOptionable Receive PACW News and Ratings via Email Sign-up to receive the latest news and ratings for PACW and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:PACW Rates by TradingView PacWest Bancorp (NASDAQ:PACW) Frequently Asked Questions How has PacWest Bancorp's stock been impacted by COVID-19 (Coronavirus)? PacWest Bancorp's stock was trading at $25.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PACW stock has decreased by 23.6% and is now trading at $19.27. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of PacWest Bancorp? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for PacWest Bancorp. When is PacWest Bancorp's next earnings date? PacWest Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, April 21st 2020. View our earnings forecast for PacWest Bancorp. How were PacWest Bancorp's earnings last quarter? PacWest Bancorp (NASDAQ:PACW) posted its quarterly earnings results on Tuesday, January, 21st. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. The financial services provider had revenue of $273.80 million for the quarter, compared to the consensus estimate of $281.65 million. PacWest Bancorp had a return on equity of 9.60% and a net margin of 34.40%. View PacWest Bancorp's earnings history. How often does PacWest Bancorp pay dividends? What is the dividend yield for PacWest Bancorp? PacWest Bancorp declared a quarterly dividend on Monday, February 3rd. Investors of record on Thursday, February 20th will be paid a dividend of $0.60 per share on Friday, February 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date of this dividend is Wednesday, February 19th. View PacWest Bancorp's dividend history. What price target have analysts set for PACW? 6 brokers have issued 1 year price objectives for PacWest Bancorp's stock. Their forecasts range from $37.00 to $45.00. On average, they expect PacWest Bancorp's share price to reach $40.33 in the next year. This suggests a possible upside of 109.3% from the stock's current price. View analysts' price targets 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. " (3/10/2020) 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? News coverage about PACW stock has trended very negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. 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 coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutPacWest Bancorp. Are investors shorting PacWest Bancorp? PacWest Bancorp saw a increase in short interest in February. As of February 28th, there was short interest totaling 3,780,000 shares, an increase of 26.4% from the February 13th total of 2,990,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.2% of the shares of the stock are short sold. View PacWest Bancorp's Current Options Chain. Who are some of PacWest Bancorp's key competitors? Some companies that are related to PacWest Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), Regions Financial (RF), KeyCorp (KEY), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY) and TCF Financial (TCF). 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), Altria Group (MO), AT&T (T), Exxon Mobil (XOM), Pfizer (PFE), Las Vegas Sands (LVS), Verizon Communications (VZ), ONEOK (OKE), Gilead Sciences (Gild) and Walgreens Boots Alliance (WBA). Who are PacWest Bancorp's key executives? PacWest Bancorp's management team includes the following 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) What is PacWest Bancorp's stock symbol? PacWest Bancorp trades on the NASDAQ under the ticker symbol "PACW." Who are PacWest Bancorp's major shareholders? PacWest Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Private Asset Management Inc. (0.11%) and State of Alaska Department of Revenue (0.02%). Company insiders that own PacWest Bancorp stock include Bryan M Corsini, Christopher D Blake, Craig A Carlson, James Pieczynski, John M Eggemeyer III, Mark A Christian, Mark Yung, Matthew P Wagner, Paul Robert Burke, Robert A Stine, Stanley R Ivie and Tanya M Acker. View institutional ownership trends 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 Private Asset Management Inc., and State of Alaska Department of Revenue. Company insiders that have bought PacWest Bancorp stock in the last two years include Christopher D Blake, James Pieczynski, John M Eggemeyer III, Mark Yung, Matthew P Wagner, Paul Robert Burke, Robert A Stine, and Tanya M Acker. View insider buying and selling activity 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 $19.27. How big of a company is PacWest Bancorp? PacWest Bancorp has a market capitalization of $2.24 billion and generates $1.36 billion in revenue each year. The financial services provider earns $468.64 million in net income (profit) each year or $3.90 on an earnings per share basis. PacWest Bancorp employs 1,835 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. This page was last updated on 4/9/2020 by MarketBeat.com StaffFeatured Article: Why Invest in High-Yield Dividend Stocks?
