Today’s Ownership Action: Pacwest Bancorp Stock Increased as Institutional Investors Enter

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Today's Ownership Action: Pacwest Bancorp Stock Increased as Institutional Investors Enter

Sentiment for Pacwest Bancorp (NASDAQ:PACW)

Pacwest Bancorp (NASDAQ:PACW) institutional sentiment increased to 1.27 in Q2 2016. Its up 0.04, from 1.23 in 2016Q1. The ratio is more positive, as 147 funds increased and opened new holdings, while 120 sold and decreased stock positions in Pacwest Bancorp. The funds in our partner’s database reported: 108.97 million shares, down from 108.99 million shares in 2016Q1. Also, the number of funds holding Pacwest Bancorp in their top 10 holdings decreased from 10 to 9 for a decrease of 1. Sold All: 34 Reduced: 86 Increased: 116 New Position: 31.

PacWest Bancorp is a bank holding company for Pacific Western Bank . The company has a market cap of $6.20 billion. The Firm is focused on relationship business banking to small, middle-market and venture-backed businesses. It has a 18.39 P/E ratio. The Bank offers a range of loan and deposit services and products through approximately 80 branches located throughout the state of California.

The stock decreased 0.10% or $0.05 during the last trading session, hitting $51.25. PacWest Bancorp (NASDAQ:PACW) has risen 28.13% since April 28, 2016 and is uptrending. It has outperformed by 22.20% the S&P500.

Analysts await PacWest Bancorp (NASDAQ:PACW) to report earnings on January, 19. They expect $0.72 EPS, up 2.86% or $0.02 from last year’s $0.7 per share. PACW’s profit will be $87.10 million for 17.80 P/E if the $0.72 EPS becomes a reality. After $0.77 actual EPS reported by PacWest Bancorp for the previous quarter, Wall Street now forecasts -6.49% negative EPS growth.

According to Zacks Investment Research, “PACWEST BANCORP, formerly First Community Bancorp, with one wholly-owned banking subsidiary, Pacific Western Bank. Through sixty full-service community banking branches, Pacific Western provides commercial banking services, including real estate, construction and commercial loans, to small and medium-sized businesses. Pacific Western’s branches are located in Los Angeles, Orange, Riverside, San Diego and San Bernardino Counties. Through its subsidiary BFI Business Finance and its divisions First Community Financial and Pacific Western SBA Lending, Pacific Western also provides working capital financing to growing companies located throughout the Southwest, primarily in the states of Arizona, California and Texas.”

Castle Creek Capital Partners Iv Lp holds 29.41% of its portfolio in PacWest Bancorp for 1.54 million shares. Patriot Financial Partners Gp Lp owns 1.47 million shares or 15.6% of their US portfolio. Moreover, Endicott Management Co has 8.98% invested in the company for 619,114 shares. The Massachusetts-based Castine Capital Management Llc has invested 4.01% in the stock. Cardinal Capital Management Llc Ct, a Connecticut-based fund reported 1.97 million shares.#img1#

PacWest Bancorp (NASDAQ:PACW) Ratings Coverage

Ratings analysis reveals 50% of Pacwest Bancorp’s analysts are positive. Out of 8 Wall Street analysts rating Pacwest Bancorp, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $41 while the high is $51. The stock’s average target of $47 is -8.29% below today’s ($51.25) share price. PACW was included in 10 notes of analysts from October 13, 2015. The rating was initiated by Piper Jaffray with “Overweight” on Tuesday, October 13. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, October 4. The firm has “Mkt Outperform” rating given on Friday, September 16 by JMP Securities. The rating was maintained by RBC Capital Markets on Monday, October 19 with “Sector Perform”. The firm earned “Neutral” rating on Monday, July 18 by DA Davidson. BMO Capital Markets downgraded PacWest Bancorp (NASDAQ:PACW) on Thursday, January 14 to “Market Perform” rating. The stock of PacWest Bancorp (NASDAQ:PACW) earned “Outperform” rating by Wells Fargo on Monday, December 21. On Thursday, March 24 the stock rating was maintained by Wood with “Outperform”.

PACW Company Profile

PacWest Bancorp, incorporated on March 24, 2008, is a bank holding firm for Pacific Western Bank (the Bank). The Firm is focused on relationship business banking to small, middle-market and venture-backed businesses. The Bank offers a range of loan and deposit services and products through approximately 80 branches located throughout the state of California. The Firm provides commercial banking services, and deposit and treasury management services to small and middle-market businesses. It offers services and products under the brand names of Pacific Western, as well as its business groups, CapitalSource Inc. and Square 1 Bank. CapitalSource focuses on providing cash flow, asset-based, equipment and real estate loans and treasury management services to middle market businesses. Square 1 Bank focuses on providing a range of financial products to service entrepreneurial businesses and their venture capital and private equity investors. Square 1 Asset Management, Inc., a subsidiary of the Bank, provides investment advisory and asset management services.

More recent PacWest Bancorp (NASDAQ:PACW) news were published by: Nasdaq.com which released: “PacWest Bancorp Reaches Analyst Target Price” on November 11, 2016. Also Nasdaq.com published the news titled: “PacWest Bancorp (PACW) Passes Through 4% Yield Mark” on November 15, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: TCF Financial, Selective Insurance Group and PacWest Bancorp” with publication date: November 08, 2016 was also an interesting one.

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By Winifred Garcia

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