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NASDAQ:PACWPacWest Bancorp Stock Price, Forecast & News

$17.78
+0.47 (+2.72 %)
(As of 06/1/2020 04:00 PM ET)
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Today's Range
$17.21
Now: $17.78
$18.25
50-Day Range
$15.55
MA: $17.79
$21.21
52-Week Range
$13.84
Now: $17.78
$40.14
Volume768,515 shs
Average Volume1.38 million shs
Market Capitalization$2.07 billion
P/E RatioN/A
Dividend Yield5.78%
Beta1.62
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: 3.2Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.13 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$4.95 per share
Book Value$41.91 per share

Profitability

Net Income$468.64 million

Miscellaneous

Employees1,835
Market Cap$2.07 billion
Next Earnings Date7/21/2020 (Estimated)
OptionableOptionable

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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 reached pandemic status according to the World Health Organization (WHO). Since then, PACW shares have decreased by 29.5% and is now trading at $17.78. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is PacWest Bancorp's next earnings date?

PacWest Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 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 Tuesday, April, 21st. The financial services provider reported $0.31 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.70 by $0.39. The financial services provider had revenue of $278.85 million for the quarter, compared to analyst estimates of $268.27 million. PacWest Bancorp had a negative net margin of 79.95% and a positive return on equity of 8.70%. View PacWest Bancorp's earnings history.

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

PacWest Bancorp announced a quarterly dividend on Friday, May 1st. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.25 per share on Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Tuesday, May 19th. View PacWest Bancorp's dividend history.

What price target have analysts set for PACW?

7 Wall Street analysts have issued 12-month price targets for PacWest Bancorp's shares. Their forecasts range from $19.00 to $43.00. On average, they expect PacWest Bancorp's stock price to reach $30.33 in the next year. This suggests a possible upside of 70.6% 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. " (4/23/2020)
  • 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?

Media coverage about PACW stock has trended very positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. 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 news sentiment score of 3.5 on InfoTrie's scale. They also assigned media coverage 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 stock's share price in the near term. View the latest news aboutPacWest 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), Altria Group (MO), AT&T (T), Exxon Mobil (XOM), Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Gilead Sciences (GILD) and IBM (IBM).

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.58%), Wells Fargo & Company MN (4.32%), Principal Financial Group Inc. (3.67%), State Street Corp (3.46%), Bank of New York Mellon Corp (1.78%) and The Manufacturers Life Insurance Company (1.48%). 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, Susan E Lester 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 Silvercrest Asset Management Group LLC, Principal Financial Group Inc., BlackRock Inc., Neumeier Poma Investment Counsel LLC, Morgan Stanley, Morgan Stanley, First Trust Advisors LP, and KBC Group NV. View insider buying and selling activity for PacWest Bancorp.

Which institutional investors are buying PacWest Bancorp stock?

PACW stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., The Manufacturers Life Insurance Company , BHZ Capital Management LP, Ensign Peak Advisors Inc, Aperio Group LLC, and Peregrine Capital Management 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, Susan E Lester, 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 $17.78.

How big of a company is PacWest Bancorp?

PacWest Bancorp has a market capitalization of $2.07 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 6/2/2020 by MarketBeat.com Staff

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