Q3 2017 EPS Estimates for PacWest Bancorp Increased by FIG Partners (PACW)

Xavier Trudeau
Août 9, 2017

Hollencrest Securities Llc decreased Pacwest Bancorp (PACW) stake by 26.19% reported in 2016Q4 SEC filing. Investment Counselors of Maryland LLC's holdings in PacWest Bancorp were worth $224,000 at the end of the most recent quarter. Unisys Corporation had 5 analyst reports since December 22, 2015 according to SRatingsIntel. Tudor Investment ET AL added additional shares of PacWest Bancorp by 0.5% in the Q1. Teachers Advisors LLC now owns 165,918 shares of the financial services provider's stock worth $9,033,000 after buying an additional 31,621 shares during the last quarter. Ameriprise Financial Inc. now owns 2,986,712 shares of the financial services provider's stock valued at $159,034,000 after buying an additional 57,964 shares during the last quarter. Community Trust & Invest Com has invested 0.03% in PacWest Bancorp (NASDAQ:PACW). Oakbrook Investments LLC now owns 5,100 shares of the financial services provider's stock valued at $238,000 after buying an additional 800 shares during the last quarter. Finally, First Interstate Bank raised its stake in shares of PacWest Bancorp by 10.4% in the first quarter. The institutional investor owned 316,331 shares of the financial services provider's stock after buying an additional 48,131 shares during the period. Aperio Grp Ltd Liability Corporation holds 0.02% of its portfolio in PacWest Bancorp (NASDAQ:PACW) for 49,817 shares. Institutional investors own 86.46% of the company's stock.

Shares of PacWest Bancorp (PACW) traded down 0.08% during midday trading on Tuesday, reaching $47.83.

The stock's 50 day moving average is 47.52 and its 200 day moving average is 50.91. PacWest Bancorp has a 1-year low of $40.14 and a 1-year high of $57.53. The company has a market capitalization of $5.74 billion, a P/E ratio of 16.53 and a beta of 1.58.

PacWest Bancorp (NASDAQ:PACW) last posted its quarterly earnings data on Tuesday, July 18th. FIG Partners analyst C. Marinac now expects that the financial services provider will post earnings of $0.75 per share for the quarter, up from their previous estimate of $0.73. PacWest Bancorp (NASDAQ:PACW) has risen 18.91% since August 7, 2016 and is uptrending. The firm had revenue of $277.76 million for the quarter, compared to analysts' expectations of $272.57 million. On average, equities research analysts predict that PacWest Bancorp will post $2.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 21st will be issued a $0.50 dividend. The firm has "Outperform" rating given on Thursday, August 18 by BMO Capital Markets. This represents a $2.00 annualized dividend and a dividend yield of 4.14%.

PacWest Bancorp was upgraded to "overweight" by analysts at Stephens. TRADEMARK VIOLATION WARNING: This piece was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another site, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. The legal version of this story can be viewed at https://rinconhillneighbors.org/2017/08/07/investment-counselors-of-maryland-llc-has-224000-stake-in-pacwest-bancorp-pacw.html. ValuEngine raised shares of PacWest Bancorp from a "hold" rating to a "buy" rating in a research note on Thursday, July 6th.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of PacWest Bancorp (NASDAQ:PACW). Keefe, Bruyette & Woods reaffirmed a "buy" rating and set a $55.00 price target on shares of PacWest Bancorp in a report on Tuesday, April 18th. BidaskClub downgraded shares of PacWest Bancorp from a "sell" rating to a "strong sell" rating in a research report on Friday, July 28th. Piper Jaffray Companies boosted their target price on shares of PacWest Bancorp from $62.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. The company now has a consensus rating of "Buy" and an average price target of $55.60.

In other PacWest Bancorp news, Director Craig A. Carlson sold 1,081 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $47.16, for a total transaction of $50,979.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PacWest Bancorp (NASDAQ:PACW) - investment analysts at Wedbush raised their Third Quarter 2017 EPS forecasts for stocks of PacWest Bancorp in a study report released on Tue. The Company is focused on relationship-based business banking to small, middle-market and venture-backed businesses. The Bank offers a range of loan and deposit products and services through approximately 80 branches located throughout the state of California.

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