Trexquant Investment LP boosted its stake in PacWest Bancorp (NASDAQ:PACW) by 19.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,616 shares of the financial services provider’s stock after acquiring an additional 1,422 shares during the period. Trexquant Investment LP’s holdings in PacWest Bancorp were worth $411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its holdings in shares of PacWest Bancorp by 8.7% during the second quarter. Commonwealth Equity Services LLC now owns 12,959 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 1,034 shares during the period. HPM Partners LLC raised its holdings in shares of PacWest Bancorp by 22.6% during the second quarter. HPM Partners LLC now owns 5,833 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 1,074 shares during the period. Charter Trust Co. raised its holdings in shares of PacWest Bancorp by 18.8% during the second quarter. Charter Trust Co. now owns 7,998 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 1,263 shares during the period. Bank of Montreal Can raised its holdings in shares of PacWest Bancorp by 6.9% during the second quarter. Bank of Montreal Can now owns 20,677 shares of the financial services provider’s stock worth $1,022,000 after purchasing an additional 1,332 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of PacWest Bancorp by 2.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 50,246 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 1,411 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. ValuEngine raised shares of PacWest Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. SunTrust Banks dropped their target price on shares of PacWest Bancorp to $48.00 and set a “hold” rating on the stock in a report on Thursday, October 18th. Wells Fargo & Co set a $51.00 target price on shares of PacWest Bancorp and gave the stock a “hold” rating in a report on Tuesday, October 2nd. BidaskClub cut shares of PacWest Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, September 15th. Finally, BMO Capital Markets dropped their target price on shares of PacWest Bancorp from $52.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. PacWest Bancorp currently has an average rating of “Hold” and a consensus target price of $54.89.

PacWest Bancorp stock opened at $37.47 on Friday. The stock has a market cap of $4.58 billion, a PE ratio of 12.83, a PEG ratio of 1.02 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.97 and a quick ratio of 0.97. PacWest Bancorp has a one year low of $36.55 and a one year high of $55.86.

PacWest Bancorp (NASDAQ:PACW) last released its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. The business had revenue of $297.23 million during the quarter, compared to analyst estimates of $301.52 million. PacWest Bancorp had a net margin of 33.60% and a return on equity of 8.95%. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Equities research analysts predict that PacWest Bancorp will post 3.7 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 19th. This represents a $2.40 annualized dividend and a dividend yield of 6.41%. PacWest Bancorp’s dividend payout ratio is currently 82.19%.

In related news, Director Tanya M. Acker bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was purchased at an average price of $50.26 per share, for a total transaction of $50,260.00. Following the transaction, the director now directly owns 3,900 shares of the company’s stock, valued at approximately $196,014. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Pieczynski bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was bought at an average price of $39.72 per share, with a total value of $397,200.00. Following the transaction, the insider now directly owns 47,497 shares in the company, valued at $1,886,580.84. The disclosure for this purchase can be found here. Insiders have bought 41,925 shares of company stock valued at $1,676,044 in the last 90 days. Insiders own 1.01% of the company’s stock.

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PacWest Bancorp Company Profile

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

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