News articles about PacWest Bancorp (NASDAQ:PACW) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PacWest Bancorp earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.2896724244119 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- PacWest Bancorp (PACW) Sees Large Drop in Short Interest (americanbankingnews.com)
- $0.72 EPS Expected for PacWest Bancorp (PACW) This Quarter (americanbankingnews.com)
- PacWest Bancorp (PACW) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Ross Stores, Inc. (ROST) Spectacular Institutional Ownership of 93.50% – And PacWest Bancorp (PACW) has 91.30% – Wallstreet Investorplace (wallstreetinvestorplace.com)
PACW has been the subject of a number of analyst reports. FBR & Co set a $55.00 price target on PacWest Bancorp and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded PacWest Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. BidaskClub lowered PacWest Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. SunTrust Banks, Inc. began coverage on PacWest Bancorp in a research note on Friday, August 18th. They issued a “hold” rating and a $49.00 target price on the stock. Finally, Raymond James Financial, Inc. reduced their target price on PacWest Bancorp from $59.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.00.
Shares of PacWest Bancorp (NASDAQ:PACW) traded up $0.50 during trading on Tuesday, hitting $45.20. The stock had a trading volume of 1,273,400 shares, compared to its average volume of 817,539. The stock has a market capitalization of $5,790.00, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.51 and a beta of 1.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. PacWest Bancorp has a 1 year low of $43.08 and a 1 year high of $57.53.
PacWest Bancorp (NASDAQ:PACW) last announced its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. The firm had revenue of $273.07 million for the quarter, compared to analyst estimates of $281.14 million. PacWest Bancorp had a return on equity of 7.87% and a net margin of 30.80%. During the same quarter last year, the firm posted $0.77 earnings per share. research analysts forecast that PacWest Bancorp will post 2.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $2.00 annualized dividend and a dividend yield of 4.42%. PacWest Bancorp’s dividend payout ratio is currently 67.57%.
In other news, CFO Patrick J. Rusnak purchased 2,000 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were purchased at an average price of $46.92 per share, for a total transaction of $93,840.00. Following the completion of the purchase, the chief financial officer now owns 77,852 shares in the company, valued at approximately $3,652,815.84. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.98% of the company’s stock.
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About PacWest Bancorp
PacWest Bancorp is a bank holding company for Pacific Western Bank (the Bank). The Company is focused on relationship-based business banking to small, middle-market and venture-backed businesses. As of December 31, 2016, the Bank offered a range of loan and deposit products and services through 77 branches located throughout the state of California, one branch located in Durham, North Carolina, and several loan production offices located in cities across the country.
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