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PacWest Bancorp (PACW)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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40.18+0.69 (+1.75%)
At close: 4:00PM EDT
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Previous Close39.87
Open39.32
Bid39.53 x 800
Ask39.49 x 900
Day's Range38.64 - 39.77
52 Week Range14.53 - 42.59
Volume545,645
Avg. Volume1,236,435
Market Cap4.698B
Beta (5Y Monthly)1.58
PE Ratio (TTM)N/A
EPS (TTM)-10.61
Earnings DateApr 19, 2021 - Apr 23, 2021
Forward Dividend & Yield1.00 (2.51%)
Ex-Dividend DateFeb 26, 2021
1y Target Est45.11
  • PacWest Bancorp (PACW) Earnings Expected to Grow: What to Know Ahead of Q1 Release
    Zacks

    PacWest Bancorp (PACW) Earnings Expected to Grow: What to Know Ahead of Q1 Release

    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.

  • PacWest (PACW) to Acquire HOA Services Unit From Union Bank
    Zacks

    PacWest (PACW) to Acquire HOA Services Unit From Union Bank

    PacWest (PACW) seals deal to acquire MUFG Union Bank, N.A.'s HOA Services Division, in order to better cater to the specialized banking needs of community management companies and its HOA clients.

  • PacWest’s Pacific Western Bank To Snap Up MUFG Union Bank, N.A.’s HOA Services Division
    SmarterAnalyst

    PacWest’s Pacific Western Bank To Snap Up MUFG Union Bank, N.A.’s HOA Services Division

    Shares of PacWest Bancorp increased 3.3% on April 1 after the bank’s subsidiary, Pacific Western Bank, inked a deal to acquire MUFG Union Bank, N.A.’s Homeowners Association (HOA) Services Division. PacWest (PACW) CEO Matt Wagner said, “We are very pleased to announce this acquisition, which we believe will significantly enhance our position catering to the specialized banking needs of community management companies and the HOA clients they serve. This HOA business, under the continuing leadership of Kimberly Siebler and her team, will provide Pacific Western Bank with what we believe is a robust HOA banking services technology platform and an experienced and accomplished team in an important niche market segment.” Per the terms of the deal, certain assets and liabilities of the HOA Services Division will be acquired by Pacific Western Bank for a premium of 5.9% on deposits plus the net book values of certain assumed assets and liabilities for $250 million in cash. Notably, the final consideration will be based on balances at the closure of the deal. Furthermore, the existing management team and employees of the HOA Services Division, a provider of specialized HOA banking services to clients with about $4 billion in deposits, will join Pacific Western Bank. The acquisition, which awaits regulatory approvals, is anticipated to close in the fourth quarter of 2021. (See PacWest Bancorp stock analysis on TipRanks) The bank said that the acquisition will complement the bank’s strategy in expanding its product offerings to its customers and diversifying its revenue and funding sources. On April 1, Wedbush analyst David Chiaverini lifted the price target to $45 (14.2% upside potential) from $43 and maintained a Hold rating. The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 4 Buys and 3 Holds. The average analyst price target of $39.33 implies that shares are almost fully valued at current levels. Related News: McCormick’s 1Q Results Beat Expectations As Sales Outperform CarMax’s Quarterly Profit Beats Analysts’ Expectations; Shares Tank 7% Franklin Covey Posts Smaller-Than-Feared 2Q Loss But Sales Disappoint; Shares Tank After-Hours More recent articles from Smarter Analyst: Turtle Beach Extends Share BuyBack Program To $25 Million; Street Is Bullish Northwest Bank To Divest Insurance Business Macerich Sells Paradise Valley Mall For $100M Resideo Technologies Gains 5% On Norfolk Acquisition