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
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:PACW
CUSIP69526310
Phone310-887-8500
Debt
Debt-to-Equity Ratio0.21
Current Ratio0.92
Quick Ratio0.92
Price-To-Earnings
Trailing P/E Ratio18.47
Forward P/E Ratio14.62
P/E Growth1.46
Sales & Book Value
Annual Sales$1.18 billion
Price / Sales5.71
Cash Flow$3.4666 per share
Price / Cash15.56
Book Value$38.65 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$2.92
Net Income$357.81 million
Net Margins32.53%
Return on Equity8.34%
Return on Assets1.69%
Miscellaneous
Employees1,786
Outstanding Shares125,130,000
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 Wednesday, April 25th. Shareholders of record on Monday, May 21st will be paid a dividend of $0.60 per share on Thursday, May 31st. This represents a $2.40 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Friday, May 18th. This is a boost from PacWest Bancorp's previous quarterly dividend of $0.50. View PacWest Bancorp's Dividend History.
How will PacWest Bancorp's stock buyback program work?
PacWest Bancorp announced that its board has authorized a share repurchase plan on Monday, February 19th 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is undervalued.
How were PacWest Bancorp's earnings last quarter?
PacWest Bancorp (NASDAQ:PACW) posted its quarterly earnings results on Tuesday, April, 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.80 by $0.13. The financial services provider had revenue of $295.06 million for the quarter, compared to the consensus estimate of $288.49 million. PacWest Bancorp had a net margin of 32.53% and a return on equity of 8.34%. During the same quarter last year, the business posted $0.65 EPS. View PacWest Bancorp's Earnings History.
When is PacWest Bancorp's next earnings date?
What price target have analysts set for PACW?
11 Wall Street analysts have issued 12 month target prices for PacWest Bancorp's stock. Their forecasts range from $49.00 to $59.00. On average, they anticipate PacWest Bancorp's share price to reach $54.70 in the next twelve months. View Analyst Ratings for PacWest Bancorp.
Who are some of PacWest Bancorp's key competitors?
Some companies that are related to PacWest Bancorp include KeyCorp (KEY), Regions Financial (RF), Shinhan Financial Group (SHG), BANCO DO BRASIL/S (BDORY), Huntington Bancshares (HBAN), Comerica (CMA), Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), Synovus Financial (SNV), CIT Group (CIT), BOK Financial (BOKF), First Horizon National (FHN), Webster Bank (WBS), Akbank T.A.S. (AKBTY) 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)
Has PacWest Bancorp been receiving favorable news coverage?
Media headlines about PACW stock have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PacWest Bancorp earned a news sentiment score of 0.14 on Accern's scale. They also gave headlines about the financial services provider an impact score of 47.02 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are PacWest Bancorp's major shareholders?
PacWest Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.86%), Wells Fargo & Company MN (3.64%), Principal Financial Group Inc. (2.89%), Principal Financial Group Inc. (2.89%), Dimensional Fund Advisors LP (2.52%) and Silvercrest Asset Management Group LLC (2.05%). 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, Kori Ogrosky, Mark A Christian, Mark Yung, Matthew P Wagner, Patrick J Rusnak and Stanley R Ivie. 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 Millennium Management LLC, BlackRock Inc., Victory Capital Management Inc., Wells Fargo & Company MN, Prudential Financial Inc., Neuberger Berman Group LLC, JPMorgan Chase & Co. and FSI Group 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 major investors are buying PacWest Bancorp stock?
PACW stock was bought by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, Algebris UK Ltd, Interval Partners LP, Schwab Charles Investment Management Inc., Green Square Capital LLC, UBS Group AG, Great Lakes Advisors LLC and Stevens Capital Management LP. Company insiders that have bought PacWest Bancorp stock in the last two years include Donald D Destino, Mark Yung, Matthew P Wagner and Patrick J Rusnak. 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 $53.94.
How big of a company is PacWest Bancorp?
PacWest Bancorp has a market capitalization of $6.75 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.
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 (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.
