PacWest Bancorp (NASDAQ:PACW) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.10, Fidelity Earnings reports. PacWest Bancorp had a return on equity of 9.60% and a net margin of 34.40%. The company had revenue of $273.80 million for the quarter, compared to analysts’ expectations of $281.65 million.

Shares of NASDAQ PACW opened at $36.66 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.96. The company has a market cap of $4.34 billion, a P/E ratio of 9.42, a PEG ratio of 1.08 and a beta of 1.47. PacWest Bancorp has a 1 year low of $32.64 and a 1 year high of $41.60. The firm has a 50-day simple moving average of $37.87 and a two-hundred day simple moving average of $36.90.

In other PacWest Bancorp news, COO Mark Yung bought 2,670 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $37.37 per share, for a total transaction of $99,777.90. Following the completion of the transaction, the chief operating officer now directly owns 55,558 shares of the company’s stock, valued at $2,076,202.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.18% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lowered their price objective on PacWest Bancorp from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Wednesday. Zacks Investment Research raised PacWest Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 25th. BidaskClub downgraded PacWest Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, January 10th. SunTrust Banks decreased their price target on PacWest Bancorp from $40.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Finally, ValuEngine upgraded PacWest Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. PacWest Bancorp presently has an average rating of “Hold” and a consensus target price of $41.25.

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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Earnings History for PacWest Bancorp (NASDAQ:PACW)

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