PACW - PacWest Bancorp

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
17.78
+0.47 (+2.72%)
At close: 4:00PM EDT

17.78 0.00 (0.00%)
After hours: 4:00PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close17.31
Open17.35
Bid17.77 x 1100
Ask17.78 x 900
Day's Range17.21 - 18.25
52 Week Range13.84 - 40.14
Volume747,242
Avg. Volume1,595,111
Market Cap2.096B
Beta (5Y Monthly)1.70
PE Ratio (TTM)N/A
EPS (TTM)-9.16
Earnings DateJul 14, 2020 - Jul 20, 2020
Forward Dividend & Yield2.05 (11.25%)
Ex-Dividend DateMay 19, 2020
1y Target Est22.35
  • GlobeNewswire

    PacWest Bancorp Announces Quarterly Dividend

    LOS ANGELES, May 01, 2020 -- PacWest Bancorp (Nasdaq: PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The.

  • GlobeNewswire

    PacWest Bancorp Announces Annual Meeting to Be Held As A Virtual Meeting

    The Annual Meeting will now be held virtually at www.virtualshareholdermeeting.com/PACW2020 on May 12, 2020 at 1:30 pm Pacific Time. Stockholders who vote their shares by proxy do not need to attend the Annual Meeting. Whether or not stockholders plan to attend the Annual Meeting, PacWest urges all stockholders of record as of the record date, March 16, 2020, to promptly submit their proxy by executing and returning the proxy card previously mailed to them or by voting by telephone or on the Internet by following the voting instructions printed on their proxy card.

  • PacWest Bancorp Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
    Simply Wall St.

    PacWest Bancorp Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

    Shareholders might have noticed that PacWest Bancorp (NASDAQ:PACW) filed its quarterly result this time last week. The...

  • PacWest Bancorp (PACW) Q1 Earnings Miss Estimates
    Zacks

    PacWest Bancorp (PACW) Q1 Earnings Miss Estimates

    PacWest (PACW) delivered earnings and revenue surprises of -55.71% and 3.94%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    PacWest Bancorp Announces Results for the First Quarter 2020

    Significant Items Net Loss of $1.43 Billion, or a Loss of $12.23 Per Diluted ShareRecorded Goodwill Impairment of $1.47 BillionExcluding Goodwill Impairment,.

  • Should You Buy PacWest Bancorp (PACW) Ahead of Earnings?
    Zacks

    Should You Buy PacWest Bancorp (PACW) Ahead of Earnings?

    PacWest Bancorp (PACW) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Earnings Preview: PacWest Bancorp (PACW) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: PacWest Bancorp (PACW) Q1 Earnings Expected to Decline

    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.

  • Hedge Funds Have Never Been This Bullish On PacWest Bancorp (PACW)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On PacWest Bancorp (PACW)

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • How Does PacWest Bancorp's (NASDAQ:PACW) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does PacWest Bancorp's (NASDAQ:PACW) P/E Compare To Its Industry, After The Share Price Drop?

    To the annoyance of some shareholders, PacWest Bancorp (NASDAQ:PACW) shares are down a considerable 42% in the last...

  • GlobeNewswire

    PACWEST BANCORP ANNOUNCES TEMPORARY HALT TO STOCK REPURCHASE PROGRAM

    LOS ANGELES, March 23, 2020 -- PacWest Bancorp (Nasdaq: PACW) (“PacWest”) announced today that it will temporarily suspend its stock repurchase program for the remainder of the.

  • A Sliding Share Price Has Us Looking At PacWest Bancorp's (NASDAQ:PACW) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At PacWest Bancorp's (NASDAQ:PACW) P/E Ratio

    Unfortunately for some shareholders, the PacWest Bancorp (NASDAQ:PACW) share price has dived 41% in the last thirty...

  • What Kind Of Share Price Volatility Should You Expect For PacWest Bancorp (NASDAQ:PACW)?
    Simply Wall St.

    What Kind Of Share Price Volatility Should You Expect For PacWest Bancorp (NASDAQ:PACW)?

    If you're interested in PacWest Bancorp (NASDAQ:PACW), then you might want to consider its beta (a measure of share...

  • PacWest Bancorp Just Released Its Annual Earnings: Here's What Analysts Think
    Simply Wall St.

    PacWest Bancorp Just Released Its Annual Earnings: Here's What Analysts Think

    PacWest Bancorp (NASDAQ:PACW) shares fell 3.5% to US$36.66 in the week since its latest full-year results. Results...

  • GlobeNewswire

    PacWest Bancorp Announces Results for the Fourth Quarter and Full Year 2019

    Fourth Quarter 2019 Highlights Net Earnings of $117.9 Million, or $0.98 Per Diluted ShareLoan and Lease Production of $1.0 Billion; $111 Million of Net Loan GrowthCore Deposits.

  • 3 “Strong Buy” Dividend Stocks Yielding Over 6%
    TipRanks

    3 “Strong Buy” Dividend Stocks Yielding Over 6%

    Once again, we’re scanning the markets for high-value stocks. The key factors to look for are a solid upside potential combined with a high dividend yield. Today we’ll reverse course slightly, and point out three stocks that fit that profile – and show a lower-cost, more affordable point of entry for investors.Of the possible value factors for an investment, the dividend yield is probably the most important. It represents a quickly available, and recurring, cash return on a stock investment. With the Federal Reserve’s key rate set in the 1.5% to 1.75% range, and Treasury bond yields typically running well below 2%, dividends offer income-minded investors a route toward higher returns.While some big-name, high-profile stocks (Apple and Microsoft come to mind, along with Visa and Mastercard) offer token dividends yielding between 0.5% and 1.5%, and the average dividend yield among S&P-listed stocks is only 2%, there is no hard ceiling on dividend yields. We’ve used the TipRanks Stock Screener tool to search more than 6,500 stocks to find stocks with high yields exceeding 5%, along with a considerable upside potential and a Strong Buy consensus view from Wall Street’s analysts. The Screener returned 35 stocks to fit the profile – here are three of them.PacWest Bancorp (PACW)First on our list is a bank holding company, PacWest. These holding companies exist are formed to control one or more banks, and take advantage of Federal Reserve regulations to raise capital – through stock issues, borrowing, or acquisitions – more easily than independent banks. PacWest, based in Los Angeles and holding a market cap of $4.4 billion, is the parent company of Pacific Western Bank. The subsidiary bank has 79 branches in southern and central California, along with one branch in North Carolina, and controls $21 billion in assets.In the last four quarters, PacWest beat the earnings forecasts three times. The exception, however, was the most recent reported quarter – Q3 2019. In that report, the company showed an EPS of 92 cents, 2% below both the estimates and the Q3 2018 number. Revenues also missed expectations, with the $285.7 million reported 1.7% below the forecast, and almost 4% below the year-ago value. Despite the recent quarterly disappointment, PACW shares were up 22.5% in 2019.Going back as far as 2011, PACW has a history of gradually raising its dividend payment. The current quarterly payout is 60 cents per share; the company raised it from 50 cents in February 2018, marking the third increase in seven years, and a 233% increase from the 2011 value. PACW’s dividend is reliable, too, and paid out regularly each quarter. The annualized value, $2.40, makes the yield a healthy 6.54%. Finally, at a payout ratio of 65%, the dividend is easily sustainable. All of this, taken together, makes PACW a true dividend champion.Writing from Piper Sandler, Aaron Deer sees growth potential for both the bank and its holding company. He writes, “We expect solid yearend growth after a slower summer… We look for deposits growth to also hit a double-digit pace, with good inflows from both the community bank and venture division…. Operating expenses should remain well controlled but there could be a slight uptick from the new Colorado branch and bankers hired in that market… Some credit noise is possible but we think overall asset quality should remain healthy.”Deer gives PACW a Buy rating with a $44 price target. At current share price levels, this indicates a 20% upside potential. (To watch Deer’s track record, click here)Deer’s is not the only bullish report PACW has received recently. The stock’s Strong Buy consensus rating is based on three reviews, all of which agree that this stock is a Buying proposition. At $36.68, the current share price is a bargain price, and the average price target of $41.67 suggests an upside of nearly 14%. (See PacWest’s stock analysis at TipRanks)City Office REIT (CIO)Our next stock offers a slight variation on the value factors. With a lower share price and a higher dividend yield, CIO is both easier to enter and brings a better return. Neither of these factors is surprising, as City Office is a Real Estate Investment Trust (REIT), a company formed to purchase, own, and operate various types of properties – commercial, residential, industrial – or mortgage securities, and reap the profits. By law, REITs are required to return a high percentage of their profits to the shareholders, and usually use dividends to comply. As its name suggests, City Office focuses on metropolitan office spaces. The company operates mainly in the Southern and Western US.City Office derives its profits from 66 office buildings in Tampa, Orlando, Dallas, Denver, Phoenix, San Diego, and Portland. The properties have total of 5.9 million square feet in net rentable area, and are located in some of the country’s faster growing urban centers.Like many REITs, CIO reports earnings as funds from operations. In the most recent quarter reported, Q3 2019 the company gave an FFO of 29 cents per share, 6.4% below the forecast, but up 3.5% year-over-year. Revenues showed a stronger yoy gain, of 16%, and came in at $38.95 million – although that was still 1% below the estimates. CIO shares gained 41.6% in 2019, far outpacing the broader markets.CIO’s dividend, at 23.5 cents quarterly, may not sound like much, but it annualizes to 94 cents and offers a very high yield of 6.96%. The company has paid out this dividend consistently since 2015, although it has not raised the payment in that time. The payout ratio, which compares the dividend to the quarterly earnings, is 81%, a typical value for REITs.4-star analyst Mitchell Germain, from JMP Securities, is bullish on CIO, writing, “Our positive investment opinion is driven by market mix, with an emphasis on the Sunbelt, and a compelling value-add investment strategy, anchored on adding market scale, and finding smaller investments that have less institutional interest. Shares currently trade at 11.7x (2020e FFO/share), which compares to the office REIT sector average of 17.2x, keeping us positive on the investment…”Hanold set a $15 price target with his Buy rating, indicating confidence in an 11% upside for the stock. ( (To watch Germain’s track record, click here)Like PACW above, CIO has three recent Buy reviews backing up its unanimous Strong Buy consensus rating. The stock’s $14.83 average price target indicates an upside potential of 9.8% from the $13.50 current share price. (See City Office’s stock analysis at TipRanks)Starwood Property Trust (STWD)The last stock on today’s list is another REIT, this one focused on mortgage loans, mainly commercial mortgage-backed securities and other commercial real estate debt investment, but the company has also invested in similar residential mortgage loans and securities. With a market cap of $7.01 billion, and an investment portfolio exceeding $16 billion, Starwood is the largest commercial mortgage REIT in the US.Starwood’s most recent quarterly report – again, for Q3 of last year – showed slightly mixed results, but was generally positive. EPS was down 1.8% from the year before, but the 52 cents reported met expectations. Total quarterly revenue, at $327.19, missed the forecast by 1.5%, but was up 14.5% year-over-year. Shares slipped 1% after the report, but have since gained 5.7%. Overall, STWD shares showed a 36.7% appreciation in 2019.STWD’s dividend has been held steady at 48 cents since 2014. This quarterly payment translates to an annualized value of $1.92 and a strong yield of 7.72%. That yield is almost 4 times the S&P 500 average, and over 4 times the average return of Treasure bonds. Combined with the moderate share price of $24.88 and the strong appreciation in the past 12 months, this makes STWD an excellent investment value.This stock’s solid performance attracted attention from Donald Fandetti, 5-star analyst from Wells Fargo. Fandetti initiated coverage of STWD with a Buy rating, saying, “We view STWD as one of the best positioned commercial real estate finance companies that also has a history of successfully incubating new businesses… STWD’s div yield is 600+ bps over the 10-yr yield vs historical 250-350 pre-crisis periods.”Fandetti supported his view of STWD with a $26 price target, implying a modest 4.5% growth potential to the upside. (To watch Fandetti’s track record, click here)Starwood’s Strong Buy consensus rating is based on three Buys set in the past two months. As noted, shares sell for $24.88; the $26.50 average price target suggests an upside potential of 6.5% from that level. (See Starwood’s stock analysis at TipRanks) *

  • Analysts Estimate PacWest Bancorp (PACW) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate PacWest Bancorp (PACW) to Report a Decline in Earnings: What to Look Out for

    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.

  • 6 Stocks With Low Price-Earnings Ratios
    GuruFocus.com

    6 Stocks With Low Price-Earnings Ratios

    Micro Focus International tops the list Continue reading...

  • Three Things You Should Check Before Buying PacWest Bancorp (NASDAQ:PACW) For Its Dividend
    Simply Wall St.

    Three Things You Should Check Before Buying PacWest Bancorp (NASDAQ:PACW) For Its Dividend

    Is PacWest Bancorp (NASDAQ:PACW) a good dividend stock? How can we tell? Dividend paying companies with growing...

  • Weekly CEO Buys Highlight
    GuruFocus.com

    Weekly CEO Buys Highlight

    Insiders invest in Sage Therapeutics, PacWest Bancorp and others Continue reading...

  • Should You Be Adding PacWest Bancorp (NASDAQ:PACW) To Your Watchlist Today?
    Simply Wall St.

    Should You Be Adding PacWest Bancorp (NASDAQ:PACW) To Your Watchlist Today?

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • Is PacWest Bancorp (PACW) Going to Burn These Hedge Funds?
    Insider Monkey

    Is PacWest Bancorp (PACW) Going to Burn These Hedge Funds?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • New Strong Sell Stocks for November 26th
    Zacks

    New Strong Sell Stocks for November 26th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.

  • Those Who Purchased PacWest Bancorp (NASDAQ:PACW) Shares Three Years Ago Have A 19% Loss To Show For It
    Simply Wall St.

    Those Who Purchased PacWest Bancorp (NASDAQ:PACW) Shares Three Years Ago Have A 19% Loss To Show For It

    While it may not be enough for some shareholders, we think it is good to see the PacWest Bancorp (NASDAQ:PACW) share...

  • The Zacks Analyst Blog Highlights: FS Bancorp, First Financial Northwest, BancorpSouth Bank, M&T Bank and PacWest Bancorp
    Zacks

    The Zacks Analyst Blog Highlights: FS Bancorp, First Financial Northwest, BancorpSouth Bank, M&T Bank and PacWest Bancorp

    The Zacks Analyst Blog Highlights: FS Bancorp, First Financial Northwest, BancorpSouth Bank, M&T Bank and PacWest Bancorp

  • PacWest Bancorp (PACW) Misses Q3 Earnings and Revenue Estimates
    Zacks

    PacWest Bancorp (PACW) Misses Q3 Earnings and Revenue Estimates

    PacWest (PACW) delivered earnings and revenue surprises of -2.13% and -1.66%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?