PacWest Bancorp Company Profile (NASDAQ:PACW)

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

PacWest Bancorp announced a quarterly dividend on Monday, May 1st. Stockholders of record on Monday, May 22nd will be paid a dividend of $0.50 per share on Wednesday, May 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Thursday, May 18th. View PacWest Bancorp's Dividend History.

PacWest Bancorp (NASDAQ:PACW) released its earnings results on Monday, April, 17th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.07. The firm had revenue of $267.57 million for the quarter, compared to analyst estimates of $272.30 million. PacWest Bancorp had a return on equity of 7.52% and a net margin of 30.38%. During the same period in the prior year, the company posted $0.74 earnings per share. View PacWest Bancorp's Earnings History.

PacWest Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, July, 13th 2017. View Earnings Estimates for PacWest Bancorp.

11 brokers have issued 12-month price targets for PacWest Bancorp's stock. Their predictions range from $45.00 to $63.00. On average, they anticipate PacWest Bancorp's stock price to reach $55.00 in the next year. View Analyst Ratings for PacWest Bancorp.

Here are some recent quotes from research analysts about PacWest Bancorp stock:

• 1. According to Zacks Investment Research, "PACWEST BANCORP, formerly First Community Bancorp, with one wholly-owned banking subsidiary, Pacific Western Bank. Through sixty full-service community banking branches, Pacific Western provides commercial banking services, including real estate, construction and commercial loans, to small and medium-sized businesses. Pacific Western's branches are located in Los Angeles, Orange, Riverside, San Diego and San Bernardino Counties. Through its subsidiary BFI Business Finance and its divisions First Community Financial and Pacific Western SBA Lending, Pacific Western also provides working capital financing to growing companies located throughout the Southwest, primarily in the states of Arizona, California and Texas. " (6/8/2017)
• 2. FBR & Co analysts commented, "We reiterate our Outperform rating on PacWest Bancorp and our $62 price target, equal to 19.4x our 2018 EPS estimate, following 4Q16 results. Higher operating expenses and elevated provision levels triggered a miss this quarter, although both were caused by a strong quarter for loan growth, which should bear fruit over time. PacWest repurchased $28M worth of stock in 4Q, but market volatility following the election may have reduced the appeal of repurchases, which fell short of our expectations. We have reduced our repurchase outlook, but note that PACW still has significant excess capital, which gives it flexibility and options. Profitability remains strong (1.4% ROAA, 12.8% ROTCE, 46% efficiency). A best-in-class NIM, asset- sensitive balance sheet, ample capital, and relatively big dividend are other reasons we remain positive on the name." (1/20/2017)
• 3. FIG Partners analysts commented, "PACW reported 4Q16 EPS at $0.71 which met Street consensus and missed FIG estimate by $0.01. Solid top-line revenues and Core NIM (excluding purchase acct. marks) expanded by 6 basis points. Loan growth was stronger on gross production with less paydowns, with 19% annualized net growth (see Page 2). But, the compa-ny also built loan loss reserves worth $0.05 per share as we share in our 4Q16 fundamental trends in this report." (1/20/2017)

PacWest Bancorp saw a decline in short interest in the month of May. As of May 31st, there was short interest totalling 2,898,360 shares, a decline of 6.5% from the May 15th total of 3,101,124 shares. Based on an average daily trading volume, of 573,925 shares, the short-interest ratio is presently 5.1 days.

Some companies that are related to PacWest Bancorp include BanColombia S.A. (CIB), CIT Group Inc (DEL) (CIT), East West Bancorp (EWBC), Signature Bank (SBNY), Grupo Supervielle SA -ADR (SUPV), New York Community Bancorp (NYCB), Bank of the Ozarks (OZRK), Grupo Financiero Galicia S.A. (GGAL), Macro Bank (BMA), City National Corp (CYN), Webster Financial Corporation (WBS), Wintrust Financial Corporation (WTFC), United Bankshares (UBSI), Popular (BPOP), Umpqua Holdings Corporation (UMPQ), First Horizon National Corporation (FHN), Ita? CorpBanca (ITCB) and Valley National Bancorp (VLY).

PacWest Bancorp's management team includes the folowing people:

• John M. Eggemeyer III, Chairman of the Board
• Matthew Paul Wagner, President, Chief Executive Officer, Director of the company and Pacific Western Bank
• Patrick J. Rusnak, Chief Financial Officer, Executive Vice President
• Bart R. Olson, Executive Vice President and Chief Accounting Officer of the Company and Pacific Western Bank
• Stanley R. Ivie, Executive Vice President, Chief Risk Officer of the company and Pacific Western Bank
• Kori L. Ogrosky, Executive Vice President, General Counsel, Corporate Secretary of the Company; Executive Vice President and Corporate Secretary of Pacific Western Bank
• Christopher D. Blake, Executive Vice President and Director of Human Resources of the Company and Pacific Western Bank
• James J. Pieczynski, Executive Vice President, Director; President of CapitalSource, and Director of Pacific Western Bank
• Donald D. Destino, Executive Vice President, Corporate Development and Investor Relations
• Mark Christian, Executive Vice President, Manager - Operations and Systems of the Company and Pacific Western Bank

PacWest Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.97%), Vanguard Group Inc. (8.26%), State Street Corp (4.29%), FMR LLC (4.02%), Wells Fargo & Company MN (3.05%) and Goldman Sachs Group Inc. (2.59%). 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, Lynn M Hopkins, Mark A Christian, Matthew P Wagner, Patrick J Rusnak, Paul Robert Burke, Robert A Stine, Roger H Molvar, Suzanne R Brennan and Victor R Santoro. View Institutional Ownership Trends for PacWest Bancorp.

PacWest Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., William Blair Investment Management LLC, FMR LLC, Goldman Sachs Group Inc., Chartwell Investment Partners LLC, Credit Suisse AG, Bank of America Corp DE and Advisors Capital Management LLC. Company insiders that have sold PacWest Bancorp stock in the last year include Barry C Fitzpatrick, Bryan M Corsini, Christopher D Blake, Craig A Carlson, Daniel B Platt, John M Eggemeyer III, Kori Ogrosky and Mark A Christian. View Insider Buying and Selling for PacWest Bancorp.

PacWest Bancorp's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., CHURCHILL MANAGEMENT Corp, First Trust Advisors LP, Renaissance Technologies LLC, Monarch Partners Asset Management LLC, State Street Corp and Morgan Stanley. Company insiders that have bought PacWest Bancorp stock in the last two years include Craig A Carlson, Daniel B Platt, Donald D Destino, James Pieczynski, Matthew P Wagner, Patrick J Rusnak, Robert A Stine and Roger H Molvar. View Insider Buying and Selling for PacWest Bancorp.

Shares of PacWest Bancorp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PacWest Bancorp stock can currently be purchased for approximately $45.68.