Press coverage about PacWest Bancorp (NASDAQ:PACW) has been trending somewhat positive on Monday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PacWest Bancorp earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.5252397445822 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

PacWest Bancorp (NASDAQ:PACW) opened at 45.79 on Monday. The company has a market capitalization of $5.50 billion, a P/E ratio of 15.81 and a beta of 1.58. The stock’s 50 day moving average is $46.93 and its 200-day moving average is $49.89. PacWest Bancorp has a 52-week low of $41.10 and a 52-week high of $57.53.

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. PacWest Bancorp had a net margin of 30.61% and a return on equity of 7.73%. The company had revenue of $277.76 million for the quarter, compared to the consensus estimate of $272.57 million. During the same quarter in the prior year, the company earned $0.68 EPS. Analysts predict that PacWest Bancorp will post $2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 21st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.00 annualized dividend and a yield of 4.37%. PacWest Bancorp’s dividend payout ratio (DPR) is presently 68.97%.

A number of brokerages have issued reports on PACW. SunTrust Banks, Inc. began coverage on shares of PacWest Bancorp in a research report on Friday, August 18th. They issued a “hold” rating and a $49.00 price objective for the company. BidaskClub raised shares of PacWest Bancorp from a “strong sell” rating to a “sell” rating in a research report on Friday. Raymond James Financial, Inc. reduced their price objective on shares of PacWest Bancorp from $59.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of PacWest Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Finally, ValuEngine raised shares of PacWest Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, five have assigned 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 $54.27.

TRADEMARK VIOLATION NOTICE: “Somewhat Positive Press Coverage Somewhat Unlikely to Impact PacWest Bancorp (PACW) Share Price” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at

In other news, Director Craig A. Carlson sold 1,081 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $47.16, for a total transaction of $50,979.96. Following the sale, the director now owns 6,273 shares of the company’s stock, valued at approximately $295,834.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.98% of the stock is owned by company insiders.

About PacWest Bancorp

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.

Insider Buying and Selling by Quarter for PacWest Bancorp (NASDAQ:PACW)

Receive News & Stock Ratings for PacWest Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PacWest Bancorp and related stocks with our FREE daily email newsletter.