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

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

PacWest Bancorp announced a quarterly dividend on Friday, November 1st. Investors of record on Wednesday, November 20th will be given a dividend of $0.60 per share on Friday, November 29th. This represents a $2.40 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend is Tuesday, November 19th. View PacWest Bancorp's Dividend History.

PacWest Bancorp declared that its Board of Directors has initiated a share buyback program on Monday, February 19th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

PacWest Bancorp (NASDAQ:PACW) released its quarterly earnings data on Tuesday, January, 21st. The financial services provider reported $0.98 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.88 by $0.10. The financial services provider had revenue of $273.80 million for the quarter, compared to analyst estimates 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.

PacWest Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, April 21st 2020. View Earnings Estimates for PacWest Bancorp.

7 brokers have issued 12 month price objectives for PacWest Bancorp's stock. Their forecasts range from $37.00 to $45.00. On average, they anticipate PacWest Bancorp's stock price to reach $41.00 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price. View Analyst Price Targets for PacWest Bancorp.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PacWest Bancorp.

News articles about PACW stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PacWest Bancorp earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an impact on the company's share price in the next several days. View News Stories for PacWest Bancorp.

PacWest Bancorp saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,350,000 shares, an increase of 6.9% from the December 15th total of 4,070,000 shares. Based on an average trading volume of 672,200 shares, the short-interest ratio is currently 6.5 days. Currently, 3.7% of the company's shares are short sold. View PacWest Bancorp's Current Options Chain.

Some companies that are related to PacWest Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC) and TCF Financial (TCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other PacWest Bancorp investors own include Cisco Systems (CSCO), Exxon Mobil (XOM), AT&T (T), Altria Group (MO), Pfizer (PFE), Verizon Communications (VZ), Las Vegas Sands (LVS), AbbVie (ABBV), General Mills (GIS) and Gilead Sciences (GILD).

PacWest Bancorp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.24%), Retirement Systems of Alabama (0.13%), Smith Graham & Co. Investment Advisors LP (0.11%), Private Asset Management Inc. (0.10%), W.E. Donoghue & Co. LLC (0.08%) and Arizona State Retirement System (0.06%). 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, Stanley R Ivie and Tanya M Acker. View Institutional Ownership Trends for PacWest Bancorp.

PACW stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, W.E. Donoghue & Co. LLC, LVM Capital Management Ltd. MI, Nisa Investment Advisors LLC, Private Asset Management Inc., SG Americas Securities LLC, Hennessy Advisors Inc. and Arizona State Retirement System. View Insider Buying and Selling for PacWest Bancorp.

PACW stock was acquired by a variety of institutional investors in the last quarter, including Janney Montgomery Scott LLC, Cerebellum GP LLC, HighTower Trust Services LTA, Strs Ohio, Ridgewood Investments LLC, Manchester Financial Inc., Retirement Systems of Alabama and Sippican Capital Advisors. 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 and Tanya M Acker. 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, Robinhood, Fidelity and Charles Schwab.

One share of PACW stock can currently be purchased for approximately $35.71.

PacWest Bancorp has a market capitalization of $4.22 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 1,833 workers across the globe.View Additional Information About PacWest Bancorp.

The official website for PacWest Bancorp is http://www.pacwestbancorp.com/.

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.