Is Pacwest Bancorp (NASDAQ:PACW) a Buy? The Stock Reported Less Sellers

August 9, 2018 - By Palma Niemeyer

Investors sentiment decreased to 1.06 in 2018 Q1. Its down 0.38, from 1.44 in 2017Q4. It fall, as 24 investors sold PacWest Bancorp shares while 114 reduced holdings. 55 funds opened positions while 91 raised stakes. 105.61 million shares or 1.71% less from 107.44 million shares in 2017Q4 were reported.
Aristotle Boston Ltd stated it has 435,726 shares. Gsa Cap Llp stated it has 0.12% in PacWest Bancorp (NASDAQ:PACW). Rmb Capital Mgmt Ltd Liability Corp reported 0.14% stake. Stephens Incorporated Ar has invested 0.04% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Meritage Portfolio Mgmt, Kansas-based fund reported 49,970 shares. Commercial Bank Of America Corporation De has 374,171 shares. Capital Investors holds 0.04% or 4.02 million shares in its portfolio. Brown Advisory, a Maryland-based fund reported 13,977 shares. Vantage Inv Advisors Ltd Co has invested 0% in PacWest Bancorp (NASDAQ:PACW). Jcsd Lc holds 2.17% of its portfolio in PacWest Bancorp (NASDAQ:PACW) for 60,000 shares. Pub Employees Retirement Sys Of Ohio reported 0.02% stake. Ls Advisors Ltd Liability Co holds 89,091 shares or 0.26% of its portfolio. Nelson Van Denburg Campbell Wealth Grp Inc Ltd Co reported 4,121 shares. Brinker has invested 0.02% in PacWest Bancorp (NASDAQ:PACW). Lpl Finance Ltd stated it has 0% in PacWest Bancorp (NASDAQ:PACW).

The stock of Pacwest Bancorp (NASDAQ:PACW) registered a decrease of 2.06% in short interest. PACW’s total short interest was 3.57 million shares in August as published by FINRA. Its down 2.06% from 3.64M shares, reported previously. With 962,300 shares average volume, it will take short sellers 4 days to cover their PACW’s short positions.

The stock increased 0.80% or $0.41 during the last trading session, reaching $51.45. About 515,262 shares traded. PacWest Bancorp (NASDAQ:PACW) has risen 13.10% since August 9, 2017 and is uptrending. It has outperformed by 0.53% the S&P500.

PacWest Bancorp operates as the holding firm for Pacific Western Bank, a state chartered bank that provides commercial banking services and products. The company has market cap of $6.37 billion. The firm accepts demand, money market, and time deposits. It has a 15.42 P/E ratio. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset loans for working capital needs; venture capital loans to support the start-up activities of entrepreneurial companies; and equipment-secured loans and leases.

PacWest Bancorp (NASDAQ:PACW) Ratings Coverage

Among 4 analysts covering Pacwest Bancorp (NASDAQ:PACW), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Pacwest Bancorp has $6300 highest and $5600 lowest target. $61’s average target is 18.56% above currents $51.45 stock price. Pacwest Bancorp had 7 analyst reports since February 26, 2018 according to SRatingsIntel. Keefe Bruyette & Woods maintained PacWest Bancorp (NASDAQ:PACW) on Tuesday, April 17 with “Buy” rating. As per Thursday, March 29, the company rating was maintained by Sandler O’Neill. The firm earned “Buy” rating on Tuesday, April 10 by Raymond James. The firm has “Buy” rating given on Monday, February 26 by Keefe Bruyette & Woods. Sandler O’Neill maintained the shares of PACW in report on Tuesday, April 17 with “Buy” rating. Piper Jaffray maintained PacWest Bancorp (NASDAQ:PACW) rating on Wednesday, April 18. Piper Jaffray has “Buy” rating and $6100 target. The stock has “Buy” rating by Sandler O’Neill on Friday, June 22.

More news for PacWest Bancorp (NASDAQ:PACW) were recently published by: Globenewswire.com, which released: “PacWest Bancorp Announces Quarterly Dividend” on August 01, 2018. Seekingalpha.com‘s article titled: “PacWest Bancorp higher 2% after Q2 result” and published on July 17, 2018 is yet another important article.

PacWest Bancorp (NASDAQ:PACW) Institutional Positions Chart

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