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
Phone310-887-8500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.31 billion
Profitability
Miscellaneous
Employees1,786
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 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 6.15%. The ex-dividend date of this dividend is Monday, November 19th. View PacWest Bancorp's Dividend History.
How will PacWest Bancorp's stock buyback program work?
PacWest Bancorp declared that its board has authorized a stock buyback program on Monday, February 19th 2018, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
How were PacWest Bancorp's earnings last quarter?
PacWest Bancorp (NASDAQ:PACW) issued its quarterly earnings data on Thursday, January, 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.01. The financial services provider earned $295.29 million during the quarter, compared to the consensus estimate of $297.05 million. PacWest Bancorp had a return on equity of 9.64% and a net margin of 35.33%. During the same quarter last year, the company earned $0.66 EPS. View PacWest Bancorp's Earnings History.
When is PacWest Bancorp's next earnings date?
What price target have analysts set for PACW?
9 brokerages have issued 1 year target prices for PacWest Bancorp's stock. Their predictions range from $38.00 to $58.00. On average, they anticipate PacWest Bancorp's stock price to reach $49.00 in the next year. This suggests a possible upside of 25.5% from the stock's current price. View Analyst Price Targets for PacWest Bancorp.
What is the consensus analysts' recommendation for PacWest Bancorp?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 5 hold ratings, 3 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?
Media coverage about PACW stock has trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. PacWest Bancorp earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned press coverage 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 company's share price in the near future.
Who are some of PacWest Bancorp's key competitors?
Some companies that are related to PacWest Bancorp include DANSKE BK A/S/S (DNKEY), 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), CIT Group (CIT), First Horizon National (FHN), Pinnacle Financial Partners (PNFP) 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 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 variety of of institutional and retail investors. Top institutional investors 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%), Meeder Asset Management Inc. (0.05%) and Nisa Investment Advisors LLC (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.
Which major investors are selling PacWest Bancorp stock?
PACW stock was sold by a variety of institutional investors in the last quarter, including LVM Capital Management Ltd. MI, Nisa Investment Advisors LLC, Private Asset Management Inc., Oakbrook Investments LLC, Cozad Asset Management Inc., Bank of Montreal Can, Virtu Financial LLC and Louisiana State Employees Retirement System. 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 Meeder Asset Management Inc., CENTRAL TRUST Co, FNY Investment Advisers LLC, 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.
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 $39.03.
How big of a company is PacWest Bancorp?
PacWest Bancorp has a market capitalization of $4.75 billion and generates $1.31 billion in revenue each year. The financial services provider earns $465.33 million in net income (profit) each year or $3.72 on an earnings per share basis. PacWest Bancorp employs 1,786 workers across the globe.
What is PacWest Bancorp's official website?
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)
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.
