$0.94 EPS Expected for PacWest Bancorp (PACW)

September 15, 2018 - By Margaret Guttierez

Investors sentiment increased to 1.3 in Q2 2018. Its up 0.24, from 1.06 in 2018Q1. It improved, as 22 investors sold PacWest Bancorp shares while 104 reduced holdings. 53 funds opened positions while 111 raised stakes. 104.92 million shares or 0.65% less from 105.61 million shares in 2018Q1 were reported.
20,677 are held by National Bank & Trust Of Montreal Can. Stifel Financial reported 0.01% of its portfolio in PacWest Bancorp (NASDAQ:PACW). State Treasurer State Of Michigan has invested 0.02% in PacWest Bancorp (NASDAQ:PACW). Family Mngmt Corp has 96,501 shares for 2.96% of their portfolio. Oakbrook Limited Com reported 4,800 shares. Azimuth Mgmt Ltd Liability Co holds 70,020 shares. Basswood Mgmt Ltd Llc reported 534,965 shares. Mason Street Limited Liability Company stated it has 0.07% of its portfolio in PacWest Bancorp (NASDAQ:PACW). First Personal reported 256 shares stake. Forest Hill Cap Limited Liability Company reported 2.67% stake. Fmr Ltd Liability holds 1.25M shares. Quantitative Systematic Strategies Ltd Liability Co holds 23,223 shares. Balyasny Asset Mgmt Limited Liability Company owns 43,149 shares for 0.01% of their portfolio. Prudential Fincl accumulated 1.04M shares or 0.08% of the stock. Prudential Public Limited Company owns 27,300 shares or 0% of their US portfolio.

Analysts expect PacWest Bancorp (NASDAQ:PACW) to report $0.94 EPS on October, 16.They anticipate $0.10 EPS change or 11.90 % from last quarter’s $0.84 EPS. PACW’s profit would be $115.08M giving it 13.38 P/E if the $0.94 EPS is correct. After having $0.92 EPS previously, PacWest Bancorp’s analysts see 2.17 % EPS growth. The stock increased 1.11% or $0.55 during the last trading session, reaching $50.29. About 863,868 shares traded or 2.35% up from the average. PacWest Bancorp (NASDAQ:PACW) has risen 7.45% since September 16, 2017 and is uptrending. It has underperformed by 8.17% the S&P500.

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 had 6 analyst reports since March 29, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, April 10 by Raymond James. The stock has “Buy” rating by Piper Jaffray on Wednesday, April 18. On Friday, June 22 the stock rating was maintained by Sandler O’Neill with “Buy”. The firm earned “Buy” rating on Thursday, March 29 by Sandler O’Neill. The stock of PacWest Bancorp (NASDAQ:PACW) has “Buy” rating given on Tuesday, April 17 by Keefe Bruyette & Woods. The stock of PacWest Bancorp (NASDAQ:PACW) has “Buy” rating given on Tuesday, April 17 by Sandler O’Neill.

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 $6.16 billion. The firm accepts demand, money market, and time deposits. It has a 15.07 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.

More notable recent PacWest Bancorp (NASDAQ:PACW) news were published by: Seekingalpha.com which released: “PacWest: 4.69% Yield Plus Capital Appreciation” on August 22, 2018, also Globenewswire.com with their article: “PacWest Bancorp and El Dorado Savings Bank Agree to Merge” published on September 12, 2018, Nasdaq.com published: “Square 1 Bank Announces Credit Facility to Outdoorsy” on September 12, 2018. More interesting news about PacWest Bancorp (NASDAQ:PACW) were released by: Nasdaq.com and their article: “Square 1 Bank Announces Credit Facility to Voci Technologies” published on August 28, 2018 as well as Bizjournals.com‘s news article titled: “Los Angeles bank to buy El Dorado Savings in $466.7 million deal” with publication date: September 12, 2018.

PacWest Bancorp (NASDAQ:PACW) Institutional Positions Chart

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