$0.88 EPS Expected for PacWest Bancorp (PACW)

June 20, 2018 - By Kristen Paramore

Investors sentiment decreased to 1.06 in 2018 Q1. Its down 0.38, from 1.44 in 2017Q4. It turned negative, 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.
Aqr Cap Mgmt Ltd Company holds 0% in PacWest Bancorp (NASDAQ:PACW) or 17,815 shares. Credit Suisse Ag reported 114,305 shares. Bb&T Llc holds 0% of its portfolio in PacWest Bancorp (NASDAQ:PACW) for 4,658 shares. California-based Neumeier Poma Counsel Lc has invested 3.28% in PacWest Bancorp (NASDAQ:PACW). Massmutual Fsb Adv holds 8,833 shares. Parametric Associates holds 0.03% or 646,243 shares in its portfolio. 29,985 were accumulated by Strategic Wealth Gru Lc. The Ontario – Canada-based Cibc Asset Management has invested 0% in PacWest Bancorp (NASDAQ:PACW). Covington Cap Mgmt invested in 1,927 shares. Fuller And Thaler Asset accumulated 0% or 1,700 shares. Plancorp Lc owns 39,580 shares for 0.63% of their portfolio. Fifth Third Natl Bank invested in 0% or 5,995 shares. Cap Investors accumulated 0.04% or 4.02M shares. Hong Kong-based Point72 Asia (Hong Kong) Ltd has invested 0.07% in PacWest Bancorp (NASDAQ:PACW). Brookstone Cap Mgmt owns 8,167 shares or 0.04% of their US portfolio.

Analysts expect PacWest Bancorp (NASDAQ:PACW) to report $0.88 EPS on July, 17.They anticipate $0.11 EPS change or 14.29 % from last quarter’s $0.77 EPS. PACW’s profit would be $108.93 million giving it 15.30 P/E if the $0.88 EPS is correct. After having $0.93 EPS previously, PacWest Bancorp’s analysts see -5.38 % EPS growth. The stock decreased 0.13% or $0.07 during the last trading session, reaching $53.87. About 849,807 shares traded or 0.92% up from the average. PacWest Bancorp (NASDAQ:PACW) has risen 13.10% since June 21, 2017 and is uptrending. It has outperformed by 0.53% the S&P500.

PacWest Bancorp (NASDAQ:PACW) Ratings Coverage

Among 7 analysts covering Pacwest Bancorp (NASDAQ:PACW), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Pacwest Bancorp had 15 analyst reports since December 21, 2017 according to SRatingsIntel. On Thursday, March 29 the stock rating was maintained by Sandler O’Neill with “Buy”. The rating was maintained by Keefe Bruyette & Woods on Tuesday, April 17 with “Buy”. On Tuesday, April 17 the stock rating was maintained by Sandler O’Neill with “Buy”. The firm has “Hold” rating given on Monday, January 22 by FBR Capital. The company was maintained on Wednesday, April 18 by Piper Jaffray. The company was upgraded on Tuesday, April 10 by Raymond James. Piper Jaffray maintained the shares of PACW in report on Thursday, January 18 with “Buy” rating. SunTrust maintained PacWest Bancorp (NASDAQ:PACW) on Friday, January 19 with “Hold” rating. Sandler O’Neill maintained the shares of PACW in report on Thursday, January 18 with “Buy” rating. Keefe Bruyette & Woods maintained it with “Buy” rating and $62.0 target in Monday, February 26 report.

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 $6.67 billion. The firm accepts demand, money market, and time deposits. It has a 16.88 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 news for PacWest Bancorp (NASDAQ:PACW) were recently published by: Nasdaq.com, which released: “Square 1 Bank Announces Credit Facility to Recursion Pharmaceuticals” on June 05, 2018. Globenewswire.com‘s article titled: “Report: Exploring Fundamental Drivers Behind Tile Shop Holdings, Anworth Mortgage Asset, Advanced Disposal …” and published on June 18, 2018 is yet another important article.

PacWest Bancorp (NASDAQ:PACW) Institutional Positions Chart

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