NASDAQ:PACW - PacWest Bancorp Stock Price, Price Target & More

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

PacWest Bancorp announced a quarterly dividend on Wednesday, April 25th. Stockholders of record on Monday, May 21st will be paid a dividend of $0.60 per share on Thursday, May 31st. This represents a $2.40 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, May 18th. This is a positive change from PacWest Bancorp's previous quarterly dividend of $0.50. View PacWest Bancorp's Dividend History.

PacWest Bancorp announced that its board has initiated a stock repurchase program on Monday, February 19th 2018, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

PacWest Bancorp (NASDAQ:PACW) posted its quarterly earnings data on Tuesday, April, 17th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.80 by $0.13. The financial services provider had revenue of $295.06 million for the quarter, compared to analysts' expectations of $288.49 million. PacWest Bancorp had a net margin of 32.53% and a return on equity of 8.34%. During the same period last year, the company earned $0.65 earnings per share. View PacWest Bancorp's Earnings History.

PacWest Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, July, 17th 2018. View Earnings Estimates for PacWest Bancorp.

11 brokers have issued 1 year price objectives for PacWest Bancorp's stock. Their predictions range from $49.00 to $59.00. On average, they anticipate PacWest Bancorp's stock price to reach $54.70 in the next year. View Analyst Ratings for PacWest Bancorp.

Some companies that are related to PacWest Bancorp include Banco do Brasil (BDORY), KeyCorp (KEY), Regions Financial (RF), Shinhan Financial Group (SHG), Comerica (CMA), Huntington Bancshares (HBAN), Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), Akbank (AKBTY), CIT Group (CIT), BOK Financial (BOKF), Synovus (SNV), First Horizon National (FHN), Webster Bank (WBS) and Sterling Bancorp (STL).

News articles about PACW stock have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PacWest Bancorp earned a daily sentiment score of 0.14 on Accern's scale. They also gave media headlines about the financial services provider an impact score of 47.13 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

PacWest Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.86%), Wells Fargo & Company MN (3.64%), Principal Financial Group Inc. (2.89%), Principal Financial Group Inc. (2.89%), Dimensional Fund Advisors LP (2.52%) and Silvercrest Asset Management Group LLC (2.05%). Company insiders that own PacWest Bancorp stock include Barry C Fitzpatrick, Bryan M Corsini, Christopher D Blake, Craig A Carlson, Daniel B Platt, Donald D Destino, James Pieczynski, John M Eggemeyer III, Kori Ogrosky, Mark A Christian, Mark Yung, Matthew P Wagner, Patrick J Rusnak and Stanley R Ivie. View Institutional Ownership Trends for PacWest Bancorp.

PACW stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Victory Capital Management Inc., Wells Fargo & Company MN, Prudential Financial Inc., Neuberger Berman Group LLC, JPMorgan Chase & Co. and FSI Group LLC. Company insiders that have sold PacWest Bancorp company stock in the last year include Craig A Carlson, Daniel B Platt, James Pieczynski and Stanley R Ivie. View Insider Buying and Selling for PacWest Bancorp.

PACW stock was purchased by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, Algebris UK Ltd, Interval Partners LP, Schwab Charles Investment Management Inc., Green Square Capital LLC, UBS Group AG, Great Lakes Advisors LLC and Stevens Capital Management LP. Company insiders that have bought PacWest Bancorp stock in the last two years include Donald D Destino, Mark Yung, Matthew P Wagner and Patrick J Rusnak. 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, Scottrade, Fidelity and Charles Schwab.

One share of PACW stock can currently be purchased for approximately $54.50.

PacWest Bancorp has a market capitalization of $6.74 billion and generates $1.18 billion in revenue each year. The financial services provider earns $357.81 million in net income (profit) each year or $2.92 on an earnings per share basis. PacWest Bancorp employs 1,786 workers across the globe.

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.