Monarch Partners Asset Management LLC boosted its position in PacWest Bancorp (NASDAQ:PACW) by 65.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 380,530 shares of the financial services provider’s stock after buying an additional 151,000 shares during the period. PacWest Bancorp makes up about 1.8% of Monarch Partners Asset Management LLC’s holdings, making the stock its 6th largest position. Monarch Partners Asset Management LLC’s holdings in PacWest Bancorp were worth $17,771,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PACW. Teachers Advisors LLC increased its stake in shares of PacWest Bancorp by 23.5% in the fourth quarter. 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. Charter Trust Co. increased its stake in shares of PacWest Bancorp by 11.7% in the first quarter. Charter Trust Co. now owns 4,719 shares of the financial services provider’s stock worth $251,000 after buying an additional 494 shares during the last quarter. Creative Planning increased its stake in shares of PacWest Bancorp by 94.2% in the first quarter. Creative Planning now owns 3,544 shares of the financial services provider’s stock worth $189,000 after buying an additional 1,719 shares during the last quarter. Chesley Taft & Associates LLC increased its stake in shares of PacWest Bancorp by 0.6% in the first quarter. Chesley Taft & Associates LLC now owns 17,825 shares of the financial services provider’s stock worth $949,000 after buying an additional 100 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of PacWest Bancorp by 5.2% in the first quarter. Capstone Asset Management Co. now owns 9,078 shares of the financial services provider’s stock worth $483,000 after buying an additional 450 shares during the last quarter. 86.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of PacWest Bancorp (NASDAQ:PACW) opened at 45.57 on Friday. The firm has a market cap of $5.47 billion, a P/E ratio of 15.74 and a beta of 1.58. PacWest Bancorp has a one year low of $40.60 and a one year high of $57.53. The firm has a 50-day moving average price of $47.35 and a 200 day moving average price of $50.68.

PacWest Bancorp (NASDAQ:PACW) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.06. The company had revenue of $277.76 million for the quarter, compared to the consensus estimate of $272.57 million. PacWest Bancorp had a return on equity of 7.73% and a net margin of 30.61%. During the same quarter in the prior year, the business earned $0.68 EPS. On average, analysts forecast that PacWest Bancorp will post $2.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.00 annualized dividend and a dividend yield of 4.39%. PacWest Bancorp’s dividend payout ratio is currently 68.97%.

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A number of brokerages recently weighed in on PACW. FBR & Co reaffirmed an “outperform” rating and set a $55.00 price objective (down previously from $62.00) on shares of PacWest Bancorp in a research report on Monday, April 17th. Stephens reaffirmed a “hold” rating and set a $56.00 price objective on shares of PacWest Bancorp in a research report on Monday, April 17th. Zacks Investment Research raised PacWest Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. BidaskClub downgraded PacWest Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $55.00 price objective on shares of PacWest Bancorp in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $55.60.

In other news, Director Craig A. Carlson sold 1,081 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $47.16, for a total transaction of $50,979.96. Following the completion of the transaction, the director now directly owns 6,273 shares of the company’s stock, valued at approximately $295,834.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.98% of the company’s stock.

PacWest Bancorp Company Profile

PacWest Bancorp is a bank holding company for Pacific Western Bank (the Bank). The Company is focused on relationship-based business banking to small, middle-market and venture-backed businesses. As of December 31, 2016, the Bank offered a range of loan and deposit products and services through 77 branches located throughout the state of California, one branch located in Durham, North Carolina, and several loan production offices located in cities across the country.

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Institutional Ownership by Quarter for PacWest Bancorp (NASDAQ:PACW)

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