PacWest Bancorp (NASDAQ:PACW) will release its earnings data before the market opens on Thursday, October 13th. Analysts expect PacWest Bancorp to post earnings of $0.72 per share for the quarter.

PacWest Bancorp (NASDAQ:PACW) last released its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.01. PacWest Bancorp had a return on equity of 7.57% and a net margin of 29.59%. During the same quarter in the previous year, the company posted $0.70 EPS. On average, analysts expect PacWest Bancorp to post $2.86 EPS for the current fiscal year and $3.03 EPS for the next fiscal year.

Earnings History for PacWest Bancorp (NASDAQ:PACW)

Shares of PacWest Bancorp (NASDAQ:PACW) opened at 43.33 on Wednesday. PacWest Bancorp has a 1-year low of $29.05 and a 1-year high of $48.00. The stock has a market cap of $5.22 billion, a P/E ratio of 16.12 and a beta of 1.64. The company’s 50-day moving average is $42.75 and its 200 day moving average is $40.50.

In other news, EVP Kori Ogrosky sold 2,000 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $41.07, for a total value of $82,140.00. Following the completion of the sale, the executive vice president now directly owns 42,283 shares in the company, valued at $1,736,562.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel B. Platt sold 2,550 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $42.18, for a total transaction of $107,559.00. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. American National Insurance Co. TX purchased a new stake in shares of PacWest Bancorp during the second quarter worth $399,000. Janney Montgomery Scott LLC purchased a new stake in shares of PacWest Bancorp during the second quarter worth $465,000. Alliancebernstein L.P. boosted its stake in shares of PacWest Bancorp by 1.5% in the second quarter. Alliancebernstein L.P. now owns 77,599 shares of the financial services provider’s stock worth $3,087,000 after buying an additional 1,180 shares during the last quarter. Employees Retirement System of Texas boosted its stake in shares of PacWest Bancorp by 36.1% in the second quarter. Employees Retirement System of Texas now owns 124,500 shares of the financial services provider’s stock worth $4,953,000 after buying an additional 33,000 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of PacWest Bancorp by 272.5% in the second quarter. HighTower Advisors LLC now owns 30,459 shares of the financial services provider’s stock worth $1,218,000 after buying an additional 22,281 shares during the last quarter. Institutional investors and hedge funds own 92.31% of the company’s stock.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of PacWest Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. JMP Securities assumed coverage on shares of PacWest Bancorp in a research report on Friday, September 16th. They set an “outperform” rating and a $48.00 price objective on the stock. Wells Fargo & Co. downgraded shares of PacWest Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 4th. They noted that the move was a valuation call. FBR & Co reaffirmed an “outperform” rating and set a $46.00 price objective (down from $48.00) on shares of PacWest Bancorp in a research report on Monday, July 18th. Finally, DA Davidson downgraded shares of PacWest Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research report on Monday, July 18th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. PacWest Bancorp has a consensus rating of “Hold” and a consensus target price of $45.43.

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. The Bank offers a range of loan and deposit products and services through approximately 80 branches located throughout the state of California.

5 Day Chart for NASDAQ:PACW

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