PacWest Bancorp PACW
Day range unavailable
52-week range unavailable
- Market cap
- 904.52M
- Revenue (ttm)
- 837.18M
- Profit margin
- -163.25%
- Shares out
- 119.96M
- Forward P/E
- 18.39
- Dividend
- 0.04 (0.53%)
- Ex-dividend date
- Nov 9, 2023
- Beta
- 1.43
- Analysts
- Hold
- Price target
- 10.46 (+38.7%)
- Earnings date
- Jan 25, 2024
YTD -15.13 (-66.74%)
Key statistics
- Enterprise value
- 2.64B
- PEG ratio
- 2.28
- Price / sales
- 1.08
- Price / book
- 0.47
- Dividend yield
- 0.53%
- Payout ratio
- 29.67%
- Revenue growth
- -56.20%
- Free cash flow
- 0
- Total cash
- 6.07B
- Total debt
- 7.32B
- Return on equity
- -43.56%
- Short % of float
- 27.01%
- 50-day average
- 7.66
- 200-day average
- 9.19
Analyst view
Consensus: hold
- Target (low)
- 8.00
- Target (mean)
- 10.46
- Target (high)
- 14.00
- Strong buy3
- Buy4
- Hold6
- Sell0
- Strong sell0
Next earnings
Jan 25, 2024
Expected Jan 25, 2024. Consensus EPS estimate -0.06.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Jan 25, 2024 | Dec 1, 2023 | -0.10 | — | — | — |
| Oct 24, 2023 | Sep 1, 2023 | 0.05 | — | — | — |
| Jul 25, 2023 | Jun 1, 2023 | 0.18 | — | — | — |
| Apr 25, 2023 | Mar 1, 2023 | 0.65 | — | — | — |
| Jan 26, 2023 | Dec 1, 2022 | 1.01 | — | — | — |
| Oct 19, 2022 | Sep 1, 2022 | 1.08 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 3, 2023 | Wells Fargo | main | Equal-Weight | Equal-Weight |
| Sep 26, 2023 | Truist Securities | main | Hold | Hold |
| Jul 25, 2023 | Wedbush | main | Neutral | Neutral |
| Jun 28, 2023 | Truist Securities | main | Hold | Hold |
| Jun 26, 2023 | Truist Securities | reit | Hold | Hold |
| Jun 7, 2023 | Odeon Capital | init | — | Hold |
About PacWest Bancorp
PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate mortgage loans, and real estate construction and land loans to professional developers and real estate investors for the acquisition, refinancing, renovation, and construction of commercial real estate properties; lender, equipment, and premium finance; other asset-based loans; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking and multi-state deposit services; money market sweep products; investment advisory and asset management solutions; treasury and cash management services; telephone banking, remote deposit, and online and mobile banking services; and automated teller machine services. The company offers its products and services to small, middle-market, and venture-backed businesses. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.
- Sector
- Financial Services
- Industry
- Banks—Regional
- Country
- United States
- Website
- pacwestbancorp.com
News
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| ACKER TANYA M | Director | Stock Award(Grant) | May 1, 2023 | 36,289 |
| BURKE PAUL ROBERT | Director | Stock Award(Grant) | May 1, 2023 | 70,963 |
| CARLSON CRAIG A | Director | Stock Award(Grant) | May 1, 2023 | 36,226 |
| EGGEMEYER JOHN M III | Director | Stock Award(Grant) | May 1, 2023 | 293,325 |
| HOSLER C WILLIAM | Director | Stock Award(Grant) | May 1, 2023 | 81,721 |
| JESSEN POLLY B | Director | Stock Award(Grant) | May 1, 2023 | 19,781 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 13.59% | 16,108,677 | 131.29M | Jun 29, 2023 |
| Vanguard Group Inc | 11.86% | 14,065,069 | 114.63M | Jun 29, 2023 |
| State Street Corporation | 9.37% | 11,104,758 | 90.50M | Jun 29, 2023 |
| Cardinal Capital Management LLC | 2.53% | 2,993,908 | 24.40M | Jun 29, 2023 |
| Dimensional Fund Advisors LP | 2.20% | 2,603,052 | 21.21M | Jun 29, 2023 |
| Geode Capital Management, LLC | 2.06% | 2,441,710 | 19.90M | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| SPDR (R) Ser Tr-S&P Regional Banking ETF | 5.56% | 6,592,453 | 52.41M | Aug 30, 2023 |
| iShares Core S&P Smallcap ETF | 4.68% | 5,547,720 | 43.88M | Sep 29, 2023 |
| Vanguard Total Stock Market Index Fund | 3.16% | 3,743,639 | 30.51M | Jun 29, 2023 |
| Vanguard Small-Cap Index Fund | 2.57% | 3,047,468 | 24.84M | Jun 29, 2023 |
| iShares Russell 2000 ETF | 2.34% | 2,769,985 | 22.02M | Aug 30, 2023 |
| Vanguard Small Cap Value Index Fund | 1.78% | 2,110,279 | 17.20M | Jun 29, 2023 |