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

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$35.66 -2.00 (-5.31 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$35.66
Today's Range$35.38 - $37.42
52-Week Range$31.16 - $55.86
Volume1.55 million shs
Average Volume1.12 million shs
Market Capitalization$4.31 billion
P/E Ratio9.59
Dividend Yield6.37%
Beta1.55
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.

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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$1.31 billion
Cash Flow$4.2554 per share
Book Value$39.63 per share

Profitability

Net Income$465.34 million

Miscellaneous

Employees1,833
Market Cap$4.31 billion
Next Earnings Date4/16/2019 (Estimated)
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 announced a quarterly dividend on Friday, February 1st. Stockholders of record on Wednesday, February 20th will be given a dividend of $0.60 per share on Thursday, February 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date of this dividend is Tuesday, February 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 plan 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 buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

How were PacWest Bancorp's earnings last quarter?

PacWest Bancorp (NASDAQ:PACW) released its earnings results on Thursday, January, 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.92 by $0.01. The financial services provider had revenue of $295.29 million for the quarter, compared to the consensus estimate of $297.05 million. PacWest Bancorp had a net margin of 35.33% and a return on equity of 9.64%. During the same quarter in the previous year, the business earned $0.66 EPS. View PacWest Bancorp's Earnings History.

When is PacWest Bancorp's next earnings date?

PacWest Bancorp is scheduled to release their next quarterly earnings announcement on Tuesday, April 16th 2019. View Earnings Estimates for PacWest Bancorp.

What price target have analysts set for PACW?

10 analysts have issued 12-month price objectives for PacWest Bancorp's shares. Their forecasts range from $38.00 to $58.00. On average, they expect PacWest Bancorp's stock price to reach $46.8750 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price. View Analyst Price Targets for PacWest Bancorp.

What is the consensus analysts' recommendation for PacWest Bancorp?

10 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 1 strong buy rating 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 trended somewhat positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. PacWest Bancorp earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the near future.

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), Micron Technology (MU), Applied Materials (AMAT), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Alibaba Group (BABA), Ford Motor (F), General Electric (GE), Intel (INTC) and Procter & Gamble (PG).

Who are PacWest Bancorp's key executives?

PacWest Bancorp's management team includes the folowing people:
  • Mr. Matthew P. Wagner, Pres, CEO & Director (Age 62)
  • Mr. James J. Pieczynski, Exec. VP & Vice Chairman (Age 56)
  • Mr. Patrick J. Rusnak, Exec. VP & CFO (Age 55)
  • Mr. Bryan M. Corsini, Chief Credit Officer & Exec. VP (Age 57)
  • Mr. Frank Tower, Exec. VP (Age 52)

Who are PacWest Bancorp's major shareholders?

PacWest Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.88%), Principal Financial Group Inc. (3.43%), Dimensional Fund Advisors LP (2.73%), FMR LLC (2.19%), Bank of New York Mellon Corp (1.73%) and Oregon Public Employees Retirement Fund (1.39%). Company insiders that own PacWest Bancorp stock include 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 major investors are selling PacWest Bancorp stock?

PACW stock was sold by a variety of institutional investors in the last quarter, including M&T Bank Corp, Stifel Financial Corp, D. E. Shaw & Co. Inc., GW&K Investment Management LLC, Channing Capital Management LLC, First Trust Advisors LP, Comerica Bank and State of Tennessee Treasury Department. Company insiders that have sold PacWest Bancorp company stock in the last year include Bryan M Corsini, Christopher D Blake, Craig A Carlson, James Pieczynski and Stanley R Ivie. View Insider Buying and Selling for PacWest Bancorp.

Which major investors are buying PacWest Bancorp stock?

PACW stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Oregon Public Employees Retirement Fund, Ceredex Value Advisors LLC, FMR LLC, Norges Bank, Two Sigma Investments LP, Principal Financial Group Inc. and APG Asset Management N.V.. 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 $35.66.

How big of a company is PacWest Bancorp?

PacWest Bancorp has a market capitalization of $4.31 billion and generates $1.31 billion in revenue each year. The financial services provider earns $465.34 million in net income (profit) each year or $3.72 on an earnings per share basis. PacWest Bancorp employs 1,833 workers across the globe.

What is PacWest Bancorp's official website?

The official website for PacWest Bancorp is http://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.


MarketBeat Community Rating for PacWest Bancorp (NASDAQ PACW)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  353 (Vote Outperform)
Underperform Votes:  340 (Vote Underperform)
Total Votes:  693
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.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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