EPS for PacWest Bancorp (PACW) Expected At $0.94

September 15, 2018 - By Duane Lopez

Investors sentiment increased to 1.3 in 2018 Q2. Its up 0.24, from 1.06 in 2018Q1. It is positive, 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.
Comerica Natl Bank accumulated 383,689 shares or 0.14% of the stock. Bokf Na holds 12,012 shares or 0.02% of its portfolio. Smith Graham Com Investment Advsr Lp, a Texas-based fund reported 144,733 shares. State Board Of Administration Of Florida Retirement System, a Florida-based fund reported 134,204 shares. Dimensional Fund L P reported 0.06% in PacWest Bancorp (NASDAQ:PACW). Basswood Capital Mngmt Ltd Co, New York-based fund reported 534,965 shares. The Ohio-based Huntington Bankshares has invested 0% in PacWest Bancorp (NASDAQ:PACW). Visionary Asset Management invested 0.11% in PacWest Bancorp (NASDAQ:PACW). Aristotle Capital Boston Limited Liability has 0.95% invested in PacWest Bancorp (NASDAQ:PACW). Ameritas Invest Prtnrs, Nebraska-based fund reported 51,006 shares. Alpha Windward Limited Co has 0.29% invested in PacWest Bancorp (NASDAQ:PACW). Bluecrest Management Limited reported 6,095 shares. Ing Groep Nv has 4,267 shares. 423 were accumulated by Tci Wealth Advisors. Comerica owns 55,510 shares.

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 $115.08 million 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 2.53% up from the average. PacWest Bancorp (NASDAQ:PACW) has risen 7.45% since September 15, 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 by Piper Jaffray given on Wednesday, April 18. As per Tuesday, April 17, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Buy” rating on Tuesday, April 10 by Raymond James. On Thursday, March 29 the stock rating was maintained by Sandler O’Neill with “Buy”. The stock has “Buy” rating by Sandler O’Neill on Friday, June 22. Sandler O’Neill maintained PacWest Bancorp (NASDAQ:PACW) rating on Tuesday, April 17. Sandler O’Neill has “Buy” rating and $5700 target.

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

PacWest Bancorp (NASDAQ:PACW) Institutional Positions Chart

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