PacWest Bancorp (NASDAQ:PACW) – Stock analysts at Wedbush issued their Q1 2020 earnings estimates for shares of PacWest Bancorp in a research note issued on Wednesday, July 17th. Wedbush analyst D. Chiaverini expects that the financial services provider will earn $0.90 per share for the quarter. Wedbush also issued estimates for PacWest Bancorp’s Q2 2020 earnings at $0.94 EPS, Q3 2020 earnings at $0.96 EPS and Q4 2020 earnings at $0.97 EPS.

A number of other equities research analysts have also commented on the company. BidaskClub lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Stephens reiterated a “buy” rating and set a $43.00 price target on shares of PacWest Bancorp in a report on Tuesday, July 16th. Raymond James lowered First Midwest Bancorp to a “hold” rating in a report on Monday, July 8th. Finally, Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.00.

Shares of NASDAQ PACW opened at $37.63 on Friday. PacWest Bancorp has a one year low of $31.16 and a one year high of $52.15. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.99 and a quick ratio of 0.96. The business’s 50-day simple moving average is $38.01.

PacWest Bancorp (NASDAQ:PACW) last released its earnings results on Tuesday, July 16th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.13. PacWest Bancorp had a return on equity of 9.83% and a net margin of 34.54%. The firm had revenue of $311.79 million for the quarter, compared to analyst estimates of $291.71 million. During the same period in the previous year, the company earned $0.92 earnings per share.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its holdings in PacWest Bancorp by 7.5% in the second quarter. Commonwealth Equity Services LLC now owns 25,947 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 1,805 shares during the last quarter. Sippican Capital Advisors lifted its position in shares of PacWest Bancorp by 21.7% in the second quarter. Sippican Capital Advisors now owns 11,228 shares of the financial services provider’s stock valued at $436,000 after buying an additional 2,000 shares during the last quarter. NEXT Financial Group Inc lifted its position in shares of PacWest Bancorp by 513.6% in the second quarter. NEXT Financial Group Inc now owns 59,836 shares of the financial services provider’s stock valued at $2,324,000 after buying an additional 50,084 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of PacWest Bancorp by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 51,554 shares of the financial services provider’s stock valued at $2,002,000 after buying an additional 691 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of PacWest Bancorp by 17.4% in the second quarter. Raymond James Trust N.A. now owns 10,576 shares of the financial services provider’s stock valued at $410,000 after buying an additional 1,570 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

About PacWest Bancorp

PacWest Bancorp operates as the holding company for Pacific Western Bank, a state chartered bank that provides commercial banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the start-up operations of entrepreneurial companies; and equipment-secured loans and leases.

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Earnings History and Estimates for PacWest Bancorp (NASDAQ:PACW)

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