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 Monday, February 3rd. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.60 per share on Friday, February 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date is Wednesday, February 19th. View PacWest Bancorp's Dividend History.

PacWest Bancorp announced that its Board of Directors has approved a stock repurchase plan on Monday, February 19th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

PacWest Bancorp (NASDAQ:PACW) released its quarterly earnings results on Tuesday, January, 21st. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.88 by $0.10. The financial services provider earned $273.80 million during the quarter, compared to analysts' expectations of $281.65 million. PacWest Bancorp had a net margin of 34.40% and a return on equity of 9.60%. 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 equities research analysts have issued 1 year price targets for PacWest Bancorp's shares. Their forecasts range from $37.00 to $45.00. On average, they anticipate PacWest Bancorp's share price to reach $41.00 in the next twelve months. This suggests a possible upside of 12.2% 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 coverage about PACW stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by analyzing 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 five, with scores closest to five being the most favorable. PacWest Bancorp earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for PacWest Bancorp.

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), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), 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), Gilead Sciences (GILD) and General Mills (GIS).

PacWest Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (3.96%), State Street Corp (3.50%), FMR LLC (2.44%), Goldman Sachs Group Inc. (2.14%), Bank of New York Mellon Corp (1.83%) and Ceredex Value Advisors LLC (1.79%). 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 Prudential Financial Inc., Renaissance Technologies LLC, FMR LLC, State Street Corp, Sei Investments Co., Seizert Capital Partners LLC, NWQ Investment Management Company LLC and William Blair Investment Management LLC. View Insider Buying and Selling for PacWest Bancorp.

PACW stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Victory Capital Management Inc., Vaughan Nelson Investment Management L.P., Heartland Advisors Inc., Bank of America Corp DE, Citigroup Inc., GW&K Investment Management LLC and First Trust Advisors LP. 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 $36.54.

PacWest Bancorp has a market capitalization of $4.32 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.