PacWest Bancorp (PACW) Stock Is An 52-Week High Flier

May 23, 2018 - By Ash Ash

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.13, from 1.31 in 2017Q3. It improved, as 35 investors sold PacWest Bancorp shares while 84 reduced holdings. 45 funds opened positions while 126 raised stakes. 107.44 million shares or 2.56% more from 104.75 million shares in 2017Q3 were reported.
Great West Life Assurance Comm Can invested in 76,980 shares or 0.01% of the stock. Hennessy Advsr reported 0.15% stake. Moreover, Aqr Capital Mngmt Lc has 0% invested in PacWest Bancorp (NASDAQ:PACW). Price T Rowe Assocs Md has invested 0% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Legal & General Grp Public Limited Liability Com holds 0.01% or 148,032 shares in its portfolio. Alphamark Advsr Ltd Liability Co reported 350 shares. 31,924 were reported by Us Bank & Trust De. Fisher Asset Management Limited Liability Company reported 1.45M shares stake. Cipher Cap Ltd Partnership owns 6,375 shares or 0.03% of their US portfolio. The Illinois-based Blair William & Il has invested 0% in PacWest Bancorp (NASDAQ:PACW). 8,443 were reported by Bbva Compass Bancshares. Bb&T Securities Ltd Liability reported 0% in PacWest Bancorp (NASDAQ:PACW). Td Asset Mngmt reported 26,320 shares. Mutual Of America Capital Mngmt Ltd Liability Corp holds 0.08% of its portfolio in PacWest Bancorp (NASDAQ:PACW) for 104,779 shares. Rafferty Asset Limited Co has 136,056 shares for 0.12% of their portfolio.

The stock of PacWest Bancorp (NASDAQ:PACW) hit a new 52-week high and has $58.26 target or 7.00 % above today’s $54.45 share price. The 9 months bullish chart indicates low risk for the $6.74B company. The 1-year high was reported on May, 23 by Barchart.com. If the $58.26 price target is reached, the company will be worth $471.73 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.15% or $0.08 during the last trading session, reaching $54.45. About 639,425 shares traded. PacWest Bancorp (NASDAQ:PACW) has declined 4.60% since May 23, 2017 and is downtrending. It has underperformed by 16.15% the S&P500.

Analysts await PacWest Bancorp (NASDAQ:PACW) to report earnings on July, 17. They expect $0.88 EPS, up 14.29 % or $0.11 from last year’s $0.77 per share. PACW’s profit will be $108.91 million for 15.47 P/E if the $0.88 EPS becomes a reality. After $0.93 actual EPS reported by PacWest Bancorp for the previous quarter, Wall Street now forecasts -5.38 % negative EPS growth.

PacWest Bancorp (NASDAQ:PACW) Ratings Coverage

Among 8 analysts covering Pacwest Bancorp (NASDAQ:PACW), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Pacwest Bancorp had 19 analyst reports since November 28, 2017 according to SRatingsIntel. The firm has “Buy” rating by Sandler O’Neill given on Tuesday, April 17. BMO Capital Markets maintained it with “Hold” rating and $49.0 target in Monday, December 18 report. Raymond James maintained the stock with “Hold” rating in Thursday, November 30 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, January 18. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, April 17. The firm has “Buy” rating given on Thursday, January 4 by Sandler O’Neill. As per Friday, January 19, the company rating was maintained by Stephens. SunTrust maintained PacWest Bancorp (NASDAQ:PACW) on Monday, January 8 with “Hold” rating. The stock of PacWest Bancorp (NASDAQ:PACW) has “Buy” rating given on Thursday, January 18 by Sandler O’Neill. The stock has “Buy” rating by Piper Jaffray on Thursday, January 18.

More recent PacWest Bancorp (NASDAQ:PACW) news were published by: Nasdaq.com which released: “PacWest Bancorp Appoints James Pieczynski Vice Chairman and Laird Boulden is promoted to President …” on April 27, 2018. Also Globenewswire.com published the news titled: “PacWest Bancorp Announces Increased Quarterly Dividend” on April 24, 2018. Nasdaq.com‘s news article titled: “Square 1 Bank Announces Credit Facility to Global Cooling, Inc.” with publication date: May 16, 2018 was also an interesting one.

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 $6.74 billion. The firm accepts demand, money market, and time deposits. It has a 17.06 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) Institutional Positions Chart

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