PacWest Bancorp (PACW) Earns Media Impact Rating of 0.17
Media headlines about PacWest Bancorp (NASDAQ:PACW) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PacWest Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 38 out of 100, indicating that recent press coverage is unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- PacWest Bancorp Announces Quarterly Dividend of $0.50 (PACW) (americanbankingnews.com)
- Accredited Investors Inc. Purchases 40 Shares of United Parcel Service, Inc. (UPS) (topactu.net)
- Acquires New Stake in United Parcel Service, Inc. (UPS) (fishinghd.com)
- PacWest Bancorp – Value Analysis (NASDAQ:PACW) : August 1, 2017 (finance.yahoo.com)
- PacWest Bancorp (NASDAQ:PACW) Experiences Light Trading Volume (highlightpress.com)
A number of equities research analysts have issued reports on PACW shares. Stephens raised shares of PacWest Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 24th. Piper Jaffray Companies lifted their target price on shares of PacWest Bancorp from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, April 11th. FBR & Co reaffirmed an “outperform” rating and set a $55.00 target price (down previously from $62.00) on shares of PacWest Bancorp in a research note on Monday, April 17th. Raymond James Financial, Inc. raised shares of PacWest Bancorp from an “outperform” rating to a “strong-buy” rating and set a $63.00 price objective on the stock in a research note on Thursday, April 6th. Finally, BidaskClub lowered shares of PacWest Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. PacWest Bancorp presently has a consensus rating of “Buy” and a consensus target price of $55.60.
Shares of PacWest Bancorp (PACW) traded down 0.31% during mid-day trading on Thursday, reaching $47.99. 467,959 shares of the company traded hands. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 16.55 and a beta of 1.58. PacWest Bancorp has a 52 week low of $40.14 and a 52 week high of $57.53. The firm has a 50-day moving average price of $47.52 and a 200 day moving average price of $50.91.
PacWest Bancorp (NASDAQ:PACW) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $0.68 EPS. On average, analysts anticipate that PacWest Bancorp will post $2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be issued 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 yield of 4.17%. PacWest Bancorp’s dividend payout ratio is presently 68.97%.
In other PacWest Bancorp news, Director Craig A. Carlson sold 1,081 shares of PacWest Bancorp stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $47.16, for a total transaction of $50,979.96. Following the sale, the director now directly owns 6,273 shares in the company, valued at approximately $295,834.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.98% of the stock is owned by insiders.
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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