|Bid||37.63 x 1100|
|Ask||37.64 x 1000|
|Day's Range||37.56 - 37.98|
|52 Week Range||31.16 - 52.15|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||9.75|
|Earnings Date||Oct 14, 2019 - Oct 18, 2019|
|Forward Dividend & Yield||2.40 (6.39%)|
|1y Target Est||42.33|
PacWest (PACW) delivered earnings and revenue surprises of 12.63% and 6.88%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Highlights Net Earnings of $128.1 Million, or $1.07 Per Diluted Share; Up 16% from Prior QuarterTax Equivalent Net Interest Margin of 4.72%; Up 3 Basis Points.
PacWest (PACW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of regional bank traded broadly lower Monday, led by the stocks downgraded at Raymond James, on concerns over the effect of lower interest rates and reduced loan growth projections. The SPDR S&P Regional Banking ETF slumped 1.0%, with 118 of 124 components losing ground. The biggest decliner was SVB Financial Group's stock , which fell 3.1% after Raymond James' Michael Rose cut his rating by two notches to market perform from strong buy. Among other stocks downgraded by Rose, Commerce Banchshares Inc. fell 2.4% after it was cut to underperform from market perform; East West Bancorp Inc. shed 2.1% after being downgraded to to underperform from market perform; and PacWest Bancorp. lost 1.8% after being downgraded two notches to market perform from strong buy. Rose said with the probability of at least one interest rate cut by the Federal Reserve currently at 100%, and with the yield curve inverting further, he cut his earnings and net interest margin estimates. He said recent Fed data also shows loan growth has decelerated from recent quarters. Meanwhile, Signature Bank's stock eased 0.1% after Rose upgraded it to strong buy from outperform. The regional bank ETF has lost 0.7% over the past three months while the S&P 500 has gained 2.7%.
The leader of the bank's Denver-based venture banking group shares details about its new office in the Mile High City.
Signature Bank is rapidly gaining a national foothold in two of the hottest sectors in Bay Area finance: venture capital and private equity.
The bank expanded its fund banking division and venture banking group division by 10 executives Tuesday.
Beverly Hills, California-based Pacific Western Bank has hired Russel Schmucker to be its senior vice president and regional manager working out of its Greenwood Village office. In January, Pacific Western CEO and President Matt Wagner told Denver Business Journal that his bank is growing its presence in Colorado.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
Pacwest Bancorp NASDAQ/NGS:PACWView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NeutralShort interest is moderate for PACW with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2 million over the last one-month into ETFs that hold PACW are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
After the Trump tax cut in 2017, it was easy to see that big corporations were the big winners. They could extend their massive stock buyback programs into 2018 and keep earnings growing until the economy got back up to speed. But it also helped the banks, especially regional bank stocks.They were able to increase their lending and much of the red tape that was put on bigger national banks was reduced for the regionals, like lowering reserve requirements to induce lending.Also, an improving economy, steady interest rates and low inflation all contributed to their ability to lend with better margins. But the culmination of Q4 with the December selloff, gave some pause to the industry.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, given the economic picture in the U.S., regional banks looked like their run would continue, regardless of trade wars and external factors.Things are changing. Some financial stocks still have what it takes, but others are getting increasingly unstable, and they're overbought at this point. The seven bank stocks to leave in the vault are at the tip of a growing iceberg. * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right My Portfolio Grader has rated all of these stocks with ratings at D or below. Barclays (BCS)Barclays PLC ADR (NYSE:BCS) is a U.K.-based bank that has been operating in and beyond the British Empire since 1896. But as the empire shrank, so did BCS influence.Today it remains a respected global banking institution, but it has had its troubles in recent decades. One of its biggest problems now is Brexit. With no idea how Brexit will (or won't) be delivered, the City -- the financial center of London -- is losing businesses.The British economy is on hold and investors are looking for more clarity in their banking partners and their investment money.That explains why BCS is flat year-to-date and off 30% in the past 12 months. Things aren't getting any better at this point. Best to watch this one from afar, even with its 4.4% dividend. Umpqua (UMPQ)Umpqua Holdings Corp (NASDAQ:UMPQ) is a mid-cap regional bank that is headquartered in Portland, Oregon.With roots going back to the timber industry in the 1950s, UMPQ has grown with Oregon, especially Portland. But like the timber industry in the Pacific Northwest, times are a little tougher for this regional bank these days.It has locations across Oregon, Washington, Idaho and California. And it has an array of customers, from individuals to large corporations. But the investment side of the business is slowing since investors aren't investing like they were in 2018. Treasuries yields are dropping. And housing starts are slowing. None of which are good for a banks' asset portfolio. * 5 Stocks Under $10 With Big Upside Potential UMPQ stock is up a mere 1.5% YTD and off 32% in the past year. Its 5.2% looks generous, but isn't worth the risk at this point. UBS Group (UBS)UBS Group AG (NYSE:UBS) has been around in one form or another for more than 155 years and remains the largest bank in Switzerland. In the good ol' days, it had quite a brisk international business since the Swiss had such rigorous privacy laws.And even now, half the billionaires in the world still have accounts with the bank.But the privacy laws have changed significantly and the financial crisis in 2008 laid UBS low. When it re-emerged, it had transitioned into more of an investment bank that also specialized in wealth management.It remains a significant financial institution, but this isn't a good time for the bank since it is still sorting out its issues from a decade ago and is trying to navigate the challenges of its global business. This isn't the time to bank on UBS stock.While it delivers a generous 6% dividend, the stock is off 26% for the year and 7% year to date. State Street (STT)State Street Corp (NYSE:STT) is a holding company that operates State Street Bank. But its chief income generator is an investment services and wealth management company.The problem is, while the markets have been chugging along up now, the amount of investment in the markets is down overall. That means after the big December selloff and subsequent rally, some of the sidelined cash didn't make it back in the markets.That's pretty evident in STT's late April Q1 earnings release. Its fee income was off considerably. Fee income is the money the company makes off account-related fees. And the stock has been punished for it. * 7 Digital Ad Stocks to Buy for Massive Growth Potential STT stock is off 43% in the past year and 11% YTD. In the past 3 months, it's off 23%, which shows the effect of that dour earnings report. Its 3.4% dividend isn't even that tempting. PacWest Bancorp (PACW)PacWest Bancorp (NASDAQ:PACW) is headquartered in Beverly Hills, California. That may give you an idea of the customers that they are looking to attract.And PACW isn't a bank for individuals, rather a bank that focuses on services for mid-sized companies. You can imagine that its reach up and down California means it has a good book of business in tech, aerospace, shipping and agriculture.But the thing is, the tech sector is getting hit because of the trade war with China, as are the aerospace and ag sectors. It announced Q1 earnings in mid-April and they weren't encouraging. It beat earnings expectations by a penny but came in below expectations on revenue, which was off 3% for the same quarter last year.PACW stock has been trending down for the past year, off 31% in that time. And while it's up 9% YTD, that's because of the January rally; since then, its general trend has been downward.Its 6.6% dividend may look tempting, but it comes at the price of performance. KeyCorp (KEY)KeyCorp (NYSE:KEY) may have started in Albany, New York over 190 years ago, but now it has operations across the Northeast, Midwest and West. It operates in 15 states and has over 1,100 branches.But KEY did not have a strong Q1 and its quarter-to-quarter numbers were also down significantly. The biggest red flag to all this is the fact that conditions should be ideal for a regional bank that spans a number of different regions.However, the Midwest manufacturing and agriculture sectors aren't strong and tech is challenged. And that showed in Q1 numbers -- earnings missed, revenue missed, net interest income was down as was noninterest income. Also down were net interest margin and return on average assets, while book value rose. * 7 Stocks to Buy for Monster Growth Even its 4.2% dividend isn't worth the trouble at this point. BankUnited (BKU)BankUnited Inc (NYSE:BKU) was the 2009 reincarnation of a failed bank under the same name. It was capitalized by private equity firms like Blackstone Group (NYSE:BX), Carlyle Group (NASDAQ:CG) as well as Secretary of Commerce Wilber Ross.It operates in South Florida as well as the New York, New Jersey and Connecticut areas. While it has retail and commercial operations, it focuses on the commercial side.The trouble with the bank now is, the economy is slowing and with U.S. Treasury yields dropping, it is going to have a challenging year providing growth. A bank's Treasury portfolio is a large part of its revenue since it has to have a good chunk of ready reserves to cover its loans. Lower rates mean lower margins on its loan book.BKU stock is off 23% in the past year, yet YTD it's up 9%. But don't think that means there's bullish sentiment. The stock rallied in January and has slid off those highs. Its paltry 2.6% dividend isn't a game changer.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Monster Growth * Ranking the Top 10 Stock Buybacks of Last Year * 5 Stocks Under $10 With Big Upside Potential Compare Brokers The post 7 Bank Stocks to Leave in the Vault appeared first on InvestorPlace.
Let's see if PacWest Bancorp (PACW) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
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[Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Even with the China-U.S. trade war appearing to simmer down and the Fed pausing its interest-rate hikes, the stock market is still facing many steep risks. America's political situation hasn't been this tense in decades. The EU is facing a host of challenges, and the Chinese-U.S. trade war could easily flare up again.Add it all up, and things could easily get volatile quite soon. That leaves investors wondering where they can go for safety.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy in May, But Don't Go Away After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on growth as well. That leaves safe-haven dividend stocks as a more favorable alternative. Here are six worth taking a look at. Source: Puamella via Flickr (Modified) Diageo (DEO)Dividend Yield: 2.08%Rain or shine, good economy or bad, people like to drink alcohol. And for safe dividend seekers, that makes Diageo (NYSE:DEO) an ideal play. While its name may not be familiar, its brands almost certainly are. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others.DEO stock is a well-known safe haven for investors. The company is headquartered in the U.K., and was one of the very few stocks to go up the day after Brexit in that country as British investors sold risky stocks and moved to safety. Diageo will again serve as a safe haven whenever the next bear market/recession hits.Diageo isn't just a great business, it's also a great dividend play. The company has continuously raised its dividend (as measured in its home currency of British Pounds) each of the past 20 years. Source: Shutterstock Campbell Soup (CPB)Dividend Yield: 3.69%Campbell Soup (NYSE:CPB) is one of the unloved packaged-foods makers. It's not hard to see why, if you only think about the company's name. Canned soup certainly isn't trendy with younger consumers at this point. And there's a general nutritional wariness about heavily salted foods.That said, there's much more to Campbell Soup than just the iconic red cans. The company is more and more a snack food play. As we know, while Americans profess an interest in healthier eating, they still love their junk food from time to time. Campbell's, owner of Hanover, Pop Secret, Goldfish and Pepperidge Farm, is in a great position to profit off of this. * 7 Stocks to Buy That Ought to Buy Back Shares Pepsico (NYSE:PEP), the leader in snacks, consistently gets a high P/E ratio from the market, as investors acknowledge the stickiness of their brands with consumers. The market, however, is not appreciating Campbell Soup at all. Shares are down from $50 in 2017 to $38 now.That has attracted activist investors, who got a new CEO hired and are demanding more change. If shares stay down here, expect that a suitor will buy out the company at a nice premium. If not, enjoy the dividend. Source: Shutterstock PacWest Bancorp (PACW)Dividend Yield: 6%After investors dumped bank stocks late last year, a lot of value has been created in this generally overlooked sector of the market, where solid dividends abound.That brings us to PacWest Bancorp (NASDAQ:PACW), which offers a 6% dividend yield at the moment. Headquartered in Los Angeles, PacWest is a major player throughout the California market and currently sports a $5.1 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis; in fact its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 10.89 times its trailing earnings. New York Community Bancorp (NYCB)Dividend Yield: 5.92%Despite its large yield, New York Community Bancorp (NASDAQ:NYCB) is an even safer bank stock. NYCB stock currently yields 5.92%, and they earn more than enough to cover the dividend, with earnings coming in at around 79 cents and dividends at 68 cents annually.NYCB stock was down 12% last year because the sector was down, as discussed above. Over the last few months, though, it has fought its way back to the levels it traded at before the fall. That's why the bank is one of the safest in the country. It lends primarily against multi-family homes in New York City, one of the lowest-risk lending markets out there. * 7 A-Rated Stocks That Are Under $10 The bank's loans barely budged in performance even during 2008. With a strong dividend covered out of earnings and a safe loan book, investors can earn a large dividend income from a most conservative bank. Source: Desiree Kane via Flickr Southern Co (SO)Dividend Yield: 4.7%In the worst of times, people tend to still want to use electricity. Even a severe economic downturn tends to not impact utility stocks too dramatically. As such, it's a sound sector to buy when investors get panicky, such as what we're seeing with the market now.Southern Co (NYSE:SO), as one of the highest-yielding large power utilities, checks the boxes for safe dividend stocks here. SO stock is currently yielding 4.7%.Its high yield is in large part, it seems, due to interest rates going up. Many investors treat utility stocks as substitutes for bonds. As such, when interest rates go up, investors demand a higher yield from their utility stock as well. If interest rates were to keep surging for years to come, SO stock would likely underperform. Right now, though, that clearly is not the case. Source: Mike Mozart via Flickr (Modified) Exxon Mobil (XOM)Dividend Yield: 4.5%Speaking of things people use in good times and bad, gasoline ranks pretty highly on the list. Sure there is a minor drop-off in consumption during recessions, as people take fewer road trips, for example, but in general, oil and gas is a safe haven business. And Exxon Mobil (NYSE:XOM) as the largest U.S. player is a true sleep-well-at-night stock.The combination of a fortress balance sheet, diversified operations and a storied dividend make XOM stock an excellent place to endure market storms. It may seem strange to call Exxon diversified. But what many investors don't realize is that much of big oil has spun off the other segments of their businesses.We saw a ton of refining and pipelines subsidiaries moved out of the parent companies into MLPs and other corporate entities. That is all well and good as far as shareholder value maximization goes. But Exxon's more diversified approach ensures that it remains solidly profitable even when the price of oil plummets, as it did in recent years.XOM stock is hardly the most exciting in a high growth market. But at 16 times earnings and paying a slightly greater than 4% dividend yield, it is a fine option for defensive investors. And buyers are still getting a fair value at this point.At the time of this writing, Ian Bezek owned DEO, CPB, PACW, NYCB and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability Compare Brokers The post 6 Safe Dividend Stocks to Buy Now appeared first on InvestorPlace.
LOS ANGELES, May 01, 2019 -- PacWest Bancorp (Nasdaq: PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.60 per common share. The.
Before we spend days researching a stock idea we'd like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 13.5% in the fourth quarter. Seven out of 11 industry groups in the S&P 500 Index were down more than 20% from their 52-week […]
LOS ANGELES, April 24, 2019 -- PacWest Bancorp (Nasdaq: PACW) today announced that on April 12, 2019, Mark T. Yung was appointed as Executive Vice President and Chief Operating.