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

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

PacWest Bancorp announced a quarterly dividend on Thursday, November 1st. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.60 per share on Friday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend is Monday, November 19th. View PacWest Bancorp's Dividend History.

PacWest Bancorp declared that its board has initiated a stock buyback plan 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. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

PacWest Bancorp (NASDAQ:PACW) issued its quarterly earnings results on Tuesday, October, 16th. The financial services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters' 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 net margin of 33.60% and a return on equity of 8.95%. During the same period in the previous year, the business posted $0.84 earnings per share. View PacWest Bancorp's Earnings History.

PacWest Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, January 17th 2019. View Earnings Estimates for PacWest Bancorp.

11 analysts have issued 12-month price targets for PacWest Bancorp's stock. Their predictions range from $44.00 to $59.00. On average, they anticipate PacWest Bancorp's stock price to reach $52.8750 in the next twelve months. This suggests a possible upside of 38.7% from the stock's current price. View Analyst Price Targets 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.

Press coverage about PACW stock has trended positive this week, according to InfoTrie. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public 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 2.3 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the next several days.

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), Akbank T.A.S. (AKBTY), BOK Financial (BOKF), Webster Financial (WBS), First Horizon National (FHN), CIT Group (CIT), Synovus Financial (SNV), Pinnacle Financial Partners (PNFP) and Sterling Bancorp (STL).

PacWest Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.13%), Private Asset Management Inc. (0.10%), Hennessy Advisors Inc. (0.07%), LVM Capital Management Ltd. MI (0.07%), Louisiana State Employees Retirement System (0.03%) and Cozad Asset Management Inc. (0.03%). 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.

PACW stock was sold by a variety of institutional investors in the last quarter, including LVM Capital Management Ltd. MI, Private Asset Management Inc., Cozad Asset Management Inc., Virtu Financial LLC, Louisiana State Employees Retirement System and Retirement Systems of Alabama. 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.

PACW stock was bought by a variety of institutional investors in the last quarter, including CENTRAL TRUST Co, Hennessy Advisors Inc. and State of Alaska Department of Revenue. 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.

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.

One share of PACW stock can currently be purchased for approximately $38.11.

PacWest Bancorp has a market capitalization of $4.45 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.

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.