PacWest Bancorp (NASDAQ:PACW) – Equities researchers at Piper Sandler issued their Q4 2020 earnings per share (EPS) estimates for PacWest Bancorp in a research note issued on Tuesday, January 12th. Piper Sandler analyst M. Clark anticipates that the financial services provider will post earnings of $0.66 per share for the quarter. Piper Sandler also issued estimates for PacWest Bancorp’s Q1 2021 earnings at $0.77 EPS, Q2 2021 earnings at $0.74 EPS, Q3 2021 earnings at $0.75 EPS, Q4 2021 earnings at $0.76 EPS and FY2021 earnings at $3.03 EPS.

PACW has been the subject of a number of other reports. Wells Fargo & Company raised shares of PacWest Bancorp from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $20.00 to $29.00 in a report on Monday, January 4th. Raymond James downgraded shares of PacWest Bancorp from a “strong-buy” rating to a “market perform” rating in a report on Monday, November 23rd. TheStreet raised shares of PacWest Bancorp from a “d+” rating to a “c-” rating in a report on Tuesday, November 17th. ValuEngine raised shares of PacWest Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, January 5th. Finally, BidaskClub raised shares of PacWest Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. PacWest Bancorp has an average rating of “Hold” and an average target price of $26.14.

NASDAQ:PACW opened at $31.15 on Thursday. The company has a 50-day moving average of $25.91 and a 200-day moving average of $20.98. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -2.94 and a beta of 1.64. PacWest Bancorp has a 52 week low of $13.84 and a 52 week high of $38.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91.

PacWest Bancorp (NASDAQ:PACW) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.25). The business had revenue of $289.58 million for the quarter, compared to the consensus estimate of $284.53 million. PacWest Bancorp had a positive return on equity of 5.96% and a negative net margin of 98.27%. During the same period in the previous year, the business posted $1.07 earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of PACW. Private Advisor Group LLC bought a new stake in shares of PacWest Bancorp in the second quarter worth $40,000. CI Investments Inc. bought a new stake in shares of PacWest Bancorp in the third quarter worth $43,000. Cerebellum GP LLC lifted its position in shares of PacWest Bancorp by 40.9% in the third quarter. Cerebellum GP LLC now owns 3,771 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,095 shares in the last quarter. NEXT Financial Group Inc bought a new stake in shares of PacWest Bancorp in the third quarter worth $102,000. Finally, Palouse Capital Management Inc. bought a new stake in shares of PacWest Bancorp in the third quarter worth $179,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

About PacWest Bancorp

PacWest Bancorp operates as the holding company for Pacific Western 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, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial companies; and equipment-secured loans and leases.

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Earnings History and Estimates for PacWest Bancorp (NASDAQ:PACW)

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