NASDAQ:PACW - PacWest Bancorp Stock Price, Price Target & More

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$50.42 +0.01 (+0.02 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$50.42
Today's Range$50.20 - $50.8390
52-Week Range$43.08 - $55.86
Volume577,807 shs
Average Volume962,791 shs
Market Capitalization$6.31 billion
P/E Ratio17.27
Dividend Yield4.76%
Beta1.51
PacWest Bancorp logoPacWest 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

Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:PACW
CUSIP69526310
Phone310-887-8500

Debt

Debt-to-Equity Ratio0.34
Current Ratio0.95
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio17.27
Forward P/E Ratio13.55
P/E Growth1.35

Sales & Book Value

Annual Sales$1.18 billion
Price / Sales5.34
Cash Flow$3.4701 per share
Price / Cash14.53
Book Value$38.18 per share
Price / Book1.32

Profitability

EPS (Most Recent Fiscal Year)$2.92
Net Income$357.81 million
Net Margins33.41%
Return on Equity8.70%
Return on Assets1.74%

Miscellaneous

Employees1,786
Outstanding Shares125,130,000
Market Cap$6,307.97

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 Wednesday, April 25th. Investors of record on Monday, May 21st will be given 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 4.76%. The ex-dividend date is Friday, May 18th. This is a positive change 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 declared that its Board of Directors has initiated a share repurchase program 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 purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

How were PacWest Bancorp's earnings last quarter?

PacWest Bancorp (NASDAQ:PACW) issued its earnings results on Tuesday, July, 17th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.05. The financial services provider earned $301.97 million during the quarter, compared to the consensus estimate of $293.62 million. PacWest Bancorp had a return on equity of 8.70% and a net margin of 33.41%. During the same quarter in the previous year, the business earned $0.77 earnings per share. 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, October, 16th 2018. View Earnings Estimates for PacWest Bancorp.

What price target have analysts set for PACW?

12 analysts have issued 12-month price objectives for PacWest Bancorp's stock. Their predictions range from $50.00 to $59.00. On average, they anticipate PacWest Bancorp's share price to reach $55.80 in the next twelve months. This suggests a possible upside of 10.7% from the stock's current price. View Analyst Ratings for PacWest Bancorp.

What is the consensus analysts' recommendation for PacWest Bancorp?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PacWest Bancorp in the last year. There are currently 5 hold ratings, 5 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Who are some of PacWest Bancorp's key competitors?

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 trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PacWest Bancorp earned a coverage optimism score of 0.11 on Accern's scale. They also assigned news stories about the financial services provider an impact score of 45.11 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Who are PacWest Bancorp's major shareholders?

PacWest Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (0.96%), Channing Capital Management LLC (0.21%), Ledyard National Bank (0.15%), Private Asset Management Inc. (0.11%), LVM Capital Management Ltd. MI (0.10%) and Hennessy Advisors Inc. (0.07%). 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 institutional investors are selling PacWest Bancorp stock?

PACW stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Channing Capital Management LLC, Nisa Investment Advisors LLC, LS Investment Advisors LLC, Municipal Employees Retirement System of Michigan, Oakbrook Investments LLC, Ledyard National Bank and Hollencrest Capital Management. 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 institutional investors are buying PacWest Bancorp stock?

PACW stock was purchased by a variety of institutional investors in the last quarter, including LVM Capital Management Ltd. MI, Alpha Windward LLC, Harbour Capital Advisors LLC, State of Alaska Department of Revenue, Raymond James Trust N.A., Private Asset Management Inc., Fox Run Management L.L.C. and Bank of Montreal Can. 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 $50.42.

How big of a company is PacWest Bancorp?

PacWest Bancorp has a market capitalization of $6.31 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 (NASDAQ PACW)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  310 (Vote Outperform)
Underperform Votes:  272 (Vote Underperform)
Total Votes:  582
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 7/21/2018 by MarketBeat.com Staff

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