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 February 1, 2018, it had 76 full-service branches located throughout the state of California; and one 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:PACW
Previous Symbol
CUSIP69526310
Phone310-887-8500
Debt
Debt-to-Equity Ratio0.41
Current Ratio0.97
Quick Ratio0.97
Price-To-Earnings
Trailing P/E Ratio12.55
Forward P/E Ratio9.91
P/E Growth0.99
Sales & Book Value
Annual Sales$1.18 billion
Price / Sales3.78
Cash Flow$3.4674 per share
Price / Cash Flow10.57
Book Value$38.65 per share
Price / Book0.95
Profitability
EPS (Most Recent Fiscal Year)$2.92
Net Income$357.81 million
Net Margins33.60%
Return on Equity8.95%
Return on Assets1.76%
Miscellaneous
Employees1,786
Outstanding Shares121,770,000
Market Cap$4.46 billion
OptionableOptionable
PacWest Bancorp (NASDAQ:PACW) Frequently Asked Questions
What is PacWest Bancorp's stock symbol?
PacWest Bancorp trades on the NASDAQ under the ticker symbol "PACW."
How often does PacWest Bancorp pay dividends? What is the dividend yield for PacWest Bancorp?
PacWest Bancorp declared a quarterly dividend on Thursday, November 1st. Stockholders of record on Tuesday, November 20th will be paid a dividend of $0.60 per share on Friday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 6.55%. The ex-dividend date is Monday, November 19th. View PacWest Bancorp's Dividend History.
How will PacWest Bancorp's stock buyback program work?
PacWest Bancorp announced that its board has approved a share buyback program on Monday, February 19th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
How were PacWest Bancorp's earnings last quarter?
PacWest Bancorp (NASDAQ:PACW) issued its quarterly earnings data on Tuesday, October, 16th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. The financial services provider earned $297.23 million during the quarter, compared to the consensus estimate of $301.52 million. PacWest Bancorp had a return on equity of 8.95% and a net margin of 33.60%. During the same period in the prior year, the company earned $0.84 EPS. View PacWest Bancorp's Earnings History.
When is PacWest Bancorp's next earnings date?
What price target have analysts set for PACW?
11 equities research analysts have issued 1-year target prices for PacWest Bancorp's shares. Their predictions range from $48.00 to $59.00. On average, they expect PacWest Bancorp's stock price to reach $54.75 in the next year. This suggests a possible upside of 49.4% from the stock's current price. View Analyst Price Targets for PacWest Bancorp.
What is the consensus analysts' recommendation for PacWest Bancorp?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 5 hold ratings, 4 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PacWest Bancorp.
Has PacWest Bancorp been receiving favorable news coverage?
News headlines about PACW stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. PacWest Bancorp earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Who are some of PacWest Bancorp's key competitors?
Some companies that are related to PacWest Bancorp include KeyCorp (KEY), Shinhan Financial Group (SHG), Regions Financial (RF), Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Webster Financial (WBS), Akbank T.A.S. (AKBTY), First Horizon National (FHN), CIT Group (CIT), Synovus Financial (SNV), Pinnacle Financial Partners (PNFP) and Sterling Bancorp (STL).
Who are PacWest Bancorp's key executives?
PacWest Bancorp's management team includes the folowing people:
- Mr. Matthew P. Wagner, Pres, CEO & Director (Age 61)
- Mr. James J. Pieczynski, Exec. VP & Vice Chairman (Age 55)
- Mr. Patrick J. Rusnak, Exec. VP & CFO (Age 54)
- Mr. Bryan M. Corsini, Chief Credit Officer & Exec. VP (Age 56)
- Mr. Frank Tower, Exec. VP (Age 51)
Who are PacWest Bancorp's major shareholders?
PacWest Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.03%), Vanguard Group Inc. (9.42%), Wells Fargo & Company MN (3.58%), Janus Henderson Group PLC (3.00%), Dimensional Fund Advisors LP (2.68%) and Capital World Investors (2.58%). 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, Mark Yung, Matthew P Wagner, Patrick J Rusnak, Stanley R Ivie 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 Capital World Investors, Victory Capital Management Inc., Deutsche Bank AG, Fisher Asset Management LLC, Wells Fargo & Company MN, Morgan Stanley, Great Lakes Advisors LLC and Rafferty Asset Management LLC. Company insiders that have sold PacWest Bancorp company stock in the last year include Bryan M Corsini, Christopher D Blake, Craig A Carlson, Daniel B Platt, James Pieczynski and Stanley R Ivie. View Insider Buying and Selling for PacWest Bancorp.
Which institutional investors are buying PacWest Bancorp stock?
PACW stock was acquired by a variety of institutional investors in the last quarter, including Seizert Capital Partners LLC, WBI Investments Inc., Janus Henderson Group PLC, Panagora Asset Management Inc., JPMorgan Chase & Co., First Trust Advisors LP, Barr E S & Co. and BlackRock Inc.. Company insiders that have bought PacWest Bancorp stock in the last two years include Donald D Destino, James Pieczynski, John M Eggemeyer III, Mark Yung, Matthew P Wagner, Patrick J Rusnak and Tanya M Acker. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is PacWest Bancorp's stock price today?
One share of PACW stock can currently be purchased for approximately $36.65.
How big of a company is PacWest Bancorp?
PacWest Bancorp has a market capitalization of $4.46 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.
What is PacWest Bancorp's official website?
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.
MarketBeat Community Rating for PacWest Bancorp (NASDAQ PACW)
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.
