Equities analysts expect PacWest Bancorp (NASDAQ:PACW) to announce $290.15 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for PacWest Bancorp’s earnings. The lowest sales estimate is $282.30 million and the highest is $294.90 million. PacWest Bancorp posted sales of $293.14 million in the same quarter last year, which would indicate a negative year over year growth rate of 1%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, April 20th.
On average, analysts expect that PacWest Bancorp will report full-year sales of $1.17 billion for the current financial year, with estimates ranging from $1.13 billion to $1.20 billion. For the next financial year, analysts expect that the firm will report sales of $1.21 billion, with estimates ranging from $1.15 billion to $1.25 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for PacWest Bancorp.
PacWest Bancorp (NASDAQ:PACW) last released its quarterly earnings results on Monday, April 19th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.36. PacWest Bancorp had a negative net margin of 98.27% and a positive return on equity of 6.14%.
PacWest Bancorp stock traded up $2.32 during trading on Friday, reaching $39.79. The company had a trading volume of 1,492,253 shares, compared to its average volume of 1,140,004. The firm’s 50-day simple moving average is $39.45 and its 200 day simple moving average is $29.68. PacWest Bancorp has a 1-year low of $14.52 and a 1-year high of $42.59. The firm has a market capitalization of $4.65 billion, a PE ratio of -3.68 and a beta of 1.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.89 and a current ratio of 0.89.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Monday, March 1st were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 26th. This represents a $1.00 annualized dividend and a dividend yield of 2.51%. PacWest Bancorp’s payout ratio is 25.64%.
Several hedge funds have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware boosted its position in shares of PacWest Bancorp by 1.9% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 20,503 shares of the financial services provider’s stock valued at $782,000 after acquiring an additional 387 shares during the last quarter. Gilman Hill Asset Management LLC boosted its position in shares of PacWest Bancorp by 2.0% during the 1st quarter. Gilman Hill Asset Management LLC now owns 164,545 shares of the financial services provider’s stock valued at $6,277,000 after acquiring an additional 3,225 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of PacWest Bancorp during the 1st quarter valued at about $284,000. Louisiana State Employees Retirement System boosted its position in shares of PacWest Bancorp by 4.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,400 shares of the financial services provider’s stock valued at $1,160,000 after acquiring an additional 1,200 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new position in shares of PacWest Bancorp during the 1st quarter valued at about $241,000. 82.38% of the stock is currently owned by hedge funds and other institutional investors.
PacWest Bancorp Company Profile
PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various 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 and venture-backed companies; and equipment-secured loans and leases.
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