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NASDAQ:PACW

PacWest Bancorp Stock Forecast, Price & News

$16.04
+0.07 (+0.44 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$15.62
Now: $16.04
$16.41
50-Day Range
$15.97
MA: $19.00
$20.59
52-Week Range
$13.84
Now: $16.04
$40.14
Volume898,197 shs
Average Volume1.34 million shs
Market Capitalization$1.87 billion
P/E RatioN/A
Dividend Yield6.26%
Beta1.6
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.51 out of 5 stars


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$1.36 billion
Cash Flow$4.17 per share
Book Value$41.91 per share

Profitability

Net Income$468.64 million

Miscellaneous

Employees1,835
Market Cap$1.87 billion
Next Earnings Date10/21/2020 (Estimated)
OptionableOptionable
$16.04
+0.07 (+0.44 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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PacWest Bancorp (NASDAQ:PACW) Frequently Asked Questions

How has PacWest Bancorp's stock been impacted by Coronavirus?

PacWest Bancorp's stock was trading at $25.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PACW shares have decreased by 36.4% and is now trading at $16.04.
View which stocks have been most impacted by COVID-19
.

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 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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 Wednesday, October 21st 2020.
View our earnings forecast for PacWest Bancorp
.

How were PacWest Bancorp's earnings last quarter?

PacWest Bancorp (NASDAQ:PACW) issued its earnings results on Thursday, July, 16th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.10. The financial services provider earned $295.15 million during the quarter, compared to analysts' expectations of $277.27 million. PacWest Bancorp had a negative net margin of 90.52% and a positive return on equity of 7.15%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share.
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 Tuesday, August 18th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.25 per share on Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Friday, August 28th.
View PacWest Bancorp's dividend history
.

What price target have analysts set for PACW?

6 equities research analysts have issued 1-year target prices for PacWest Bancorp's shares. Their forecasts range from $19.00 to $39.00. On average, they anticipate PacWest Bancorp's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 71.4% from the stock's current price.
View analysts' price targets for PacWest Bancorp
.

Are investors shorting PacWest Bancorp?

PacWest Bancorp saw a increase in short interest in August. As of August 31st, there was short interest totaling 3,710,000 shares, an increase of 8.5% from the August 15th total of 3,420,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is presently 3.0 days. Currently, 3.2% of the shares of the company are short sold.
View PacWest Bancorp's Short Interest
.

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 AT&T (T), Cisco Systems (CSCO), Altria Group (MO), Pfizer (PFE), Verizon Communications (VZ), Wells Fargo & Company (WFC), AbbVie (ABBV), Enterprise Products Partners (EPD), JPMorgan Chase & Co. (JPM) and Exxon Mobil (XOM).

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 investors include Vanguard Group Inc. (10.55%), FMR LLC (3.22%), Principal Financial Group Inc. (3.19%), Principal Financial Group Inc. (3.19%), Prudential Financial Inc. (2.32%) and Bank of New York Mellon Corp (1.71%). Company insiders that own PacWest Bancorp stock include Christopher D Blake, James Pieczynski, John M Eggemeyer III, Mark A Christian, Mark Yung, Matthew P Wagner, Paul Robert Burke, Robert A Stine and Susan E Lester.
View institutional ownership trends for PacWest Bancorp
.

Which major investors are selling PacWest Bancorp stock?

PACW stock was sold by a variety of institutional investors in the last quarter, including Silvercrest Asset Management Group LLC, Goldman Sachs Group Inc., Vanguard Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Seizert Capital Partners LLC, Nuveen Asset Management LLC, and AQR Capital Management LLC.
View insider buying and selling activity for PacWest Bancorp
.

Which major investors are buying PacWest Bancorp stock?

PACW stock was bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., FMR LLC, Fisher Asset Management LLC, Charles Schwab Investment Management Inc., Balyasny Asset Management LLC, Raymond James & Associates, Mackay Shields LLC, and EJF Capital LLC. 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 Susan E Lester.
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 $16.04.

How big of a company is PacWest Bancorp?

PacWest Bancorp has a market capitalization of $1.87 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.

What is PacWest Bancorp's official website?

The official website for PacWest Bancorp is 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 9/25/2020 by MarketBeat.com Staff

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