Analysts See $0.81 EPS for PacWest Bancorp (PACW)

March 16, 2018 - By Louis Casey

 Analysts See $0.81 EPS for PacWest Bancorp (PACW)
Investors sentiment decreased to 1.31 in Q3 2017. Its down 0.18, from 1.49 in 2017Q2. It turned negative, as 24 investors sold PacWest Bancorp shares while 96 reduced holdings. 44 funds opened positions while 113 raised stakes. 104.75 million shares or 1.70% less from 106.56 million shares in 2017Q2 were reported.
Meeder Asset Mgmt owns 1,218 shares. 261,342 were reported by Glob Investors. Tx holds 0.1% or 38,475 shares in its portfolio. Thrivent Fincl For Lutherans has invested 0.03% in PacWest Bancorp (NASDAQ:PACW). Arizona State Retirement Systems holds 68,071 shares or 0.04% of its portfolio. Ipg Investment Advsrs Ltd Liability Com, California-based fund reported 9,539 shares. Capital Fund Management Sa holds 0.06% or 166,715 shares in its portfolio. Cibc Asset Mngmt reported 4,223 shares. Victory Cap Mngmt has invested 0.18% in PacWest Bancorp (NASDAQ:PACW). Balyasny Asset Mgmt Ltd owns 73,673 shares. Cadence Capital Ltd accumulated 17,096 shares or 0.05% of the stock. Fuller & Thaler Asset Mgmt holds 700 shares. Ngam Advisors L P holds 0.04% of its portfolio in PacWest Bancorp (NASDAQ:PACW) for 67,052 shares. Lazard Asset Mgmt Lc owns 0.1% invested in PacWest Bancorp (NASDAQ:PACW) for 1.01M shares. Hancock Company holds 41,036 shares.

Analysts expect PacWest Bancorp (NASDAQ:PACW) to report $0.81 EPS on April, 16.They anticipate $0.16 EPS change or 24.62 % from last quarter’s $0.65 EPS. PACW’s profit would be $101.88M giving it 16.35 P/E if the $0.81 EPS is correct. After having $0.67 EPS previously, PacWest Bancorp’s analysts see 20.90 % EPS growth. The stock increased 1.22% or $0.64 during the last trading session, reaching $52.96. About 1.01 million shares traded or 33.20% up from the average. PacWest Bancorp (NASDAQ:PACW) has risen 18.91% since March 17, 2017 and is uptrending. It has outperformed by 2.21% the S&P500.

PacWest Bancorp (NASDAQ:PACW) Ratings Coverage

Among 14 analysts covering Pacwest Bancorp (NASDAQ:PACW), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Pacwest Bancorp had 43 analyst reports since October 13, 2015 according to SRatingsIntel. As per Wednesday, November 1, the company rating was downgraded by Raymond James. SunTrust maintained PacWest Bancorp (NASDAQ:PACW) rating on Friday, January 19. SunTrust has “Hold” rating and $56.0 target. The company was downgraded on Thursday, January 14 by BMO Capital Markets. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The rating was initiated by Piper Jaffray on Tuesday, October 13 with “Overweight”. SunTrust maintained PacWest Bancorp (NASDAQ:PACW) on Monday, January 8 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, September 18. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, January 18. The rating was maintained by BMO Capital Markets on Thursday, October 19 with “Market Perform”. The firm earned “Buy” rating on Monday, August 14 by Piper Jaffray.

PacWest Bancorp operates as the holding firm for Pacific Western Bank, a state chartered bank that provides commercial banking services and products. The company has market cap of $6.66 billion. The firm accepts demand, money market, and time deposits. It has a 18.21 P/E ratio. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset loans for working capital needs; venture capital loans to support the start-up activities of entrepreneurial companies; and equipment-secured loans and leases.

More recent PacWest Bancorp (NASDAQ:PACW) news were published by: which released: “PacWest Bancorp: Rates And Acquisitions Fueling Growth” on February 20, 2018. Also published the news titled: “Filing Season Finds: Week Of March 5-10” on March 13, 2018.‘s news article titled: “PacWest Bancorp (PACW) Ex-Dividend Date Scheduled for February 16, 2018” with publication date: February 15, 2018 was also an interesting one.

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