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PacWest Bancorp (PACW)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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27.26+0.60 (+2.25%)
At close: 04:00PM EDT
27.26 0.00 (0.00%)
After hours: 04:05PM EDT
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  • p
    polishyourgold
    How can 7 insiders buy shares at $25 (reported 6/6/2022), when the stock trades in the market >$31?
  • m
    mr. peabody
    The stock is off 50% from the highs in January. When will this bloodbath end?
  • A
    Anonymous
    Apparently I missed the news where PACW stated that it is going out of business, because that sure is how the share price is behaving.
  • g
    go
    Sed beatitudo non est sine actione. http://dataunion.tistory.com/9016 Courage is very important. Like a muscle, it is strengthened by use.
  • b
    bigbear
    New 52 week low! What gives? I thought Bank stocks go up with higher interest rates??
    So, much for that wisdom!! I do think the bottom is close now. Hard to believe it will go under $30 bucks.
  • j
    jerry
    When in the world is PACW going to double the dividend from $1.00 to $2.00 ? What are they doing with all the money they are raking in ?
  • C
    CID1000
    Does anyone have any positive news?
  • C
    CID1000
    Do we have any updates from BOD or management?
  • B
    Bofo
    PACW released Q2 earnings this morning .28/share vs .32/share expected. Missed earnings, but not terrible.
    stock is already beaten down. Very little information comes out of PACW investor relations. No mention of Q3 guidance & no link to a Q2 conference call. Not good when a company doesn't keep investors informed as to what is going on.
  • C
    California
    85-90% shares held by institutions, 4 Billion valuation, $41-42 bv, PE below 11 payout ratio under 63% div 6.7% 600 mil in cash, and good earnings. and other banks now have strong stock currency to use. other than the majority of its facilities are located in CA... this is the perfect target to be taken over. and in the meantime.. you can sit back on the dividends and wait.
    Bullish
  • B
    Bofo
    Looks like Friday 8/28 (Today) is the ex-div date. Here's the statement from PACW:

    PacWest Bancorp Announces Quarterly Dividend
    Company Release - 08/17/2020
    -- $0.25 Per Share Cash Dividend Payable on September 10, 2020 to Stockholders of Record on August 31, 2020 --
    LOS ANGELES, Aug. 17, 2020 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The cash dividend is payable on September 10, 2020 to stockholders of record at the close of business on August 31, 2020.
  • G
    Gerry
    Just reposting what I wrote on March 4, 2020, to show that even the fund managers (experts) often get it wrong.

    On 3/4/2020...Jenny Harrington on the CNBC Halftime show recommended PACW saying the selloff in the regional bank is overdone. She noted that she spoke with the CEO's of Umpqua and PACW and both CEO's told her the dividend was safe (yielding 8% on 3/4).

    Well now its 4/22 in Coronaland and PACW has lost an ADDITIONAL 45% of its value since her recommendation. Best to do your own research.
  • C
    Chi
    Acker Tanya M, Director of PACWEST BANCORP bought 1600 shares on 2020-04-24. https://formwhispers.com/s?t=PACW
    FormWhispers - Trading Ideas from Insiders PACWEST BANCORP PACW.
    FormWhispers - Trading Ideas from Insiders PACWEST BANCORP PACW.
    formwhispers.com
  • G
    Gerry
    Hey Zacks, you downgraded PACW on 11/26/19 to a STRONG SELL @ $37.40. On 12/17 (only 3 weeks later) the stock is $38.95. That's a 4.14% move. Better than any of the financial indexes and the S&P. This is why we don't listen to you. Please post your MEA CULPA here. Thanks
  • G
    Gerry
    So on March 4, 2020 the CEO tells Jenny Harrington that the dividend is "safe". CV-19 was known on this date.
    She restates that the dividend is safe on CNBC Halftime show. Then on May 2 they cut the dividend. So did the CEO lie or just changing his mind due to CV-19. Just saying......
  • B
    Bofo
    PACW announced dividend this morning - .25/share payable on Sept 9. Ex-dividend date is Friday August 28.
  • Y
    Yahoo Finance Insights
    PACW reached a 52 Week low at 31.55
  • S
    SteveO
    Will the company be able to maintain the dividend in light of significantly reduced net interest margin!!
  • G
    Gerry
    If you do your research you will find that this deal for El Dorado for $467M was going to be financed with $60M in cash and the issuance of 8.1million shares of PACW. So looks like we need to put the $60M back in the cookie jar and "UNDILUTE" the shareholders.
  • S
    Stkpicker
    If they paid out all earnings, the stock would yield 11.6%, it is 8.3xfree cash flow , and 8.7x earnings. They are earning over 20% on TBV. By any measure, the stock is very cheap. So what is wrong? They keep buying other banks and issuing stock for them. For some reason, they think bigger is better when buying your own stock back is miuch more accretive. The management and relationship with Castle Creek is detrimental. Castle Creek and the hack directors they put on the board are not adding value. They are just yes men. Having said all that, I am buying the stock.
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