PacWest Bancorp (PACW) Analysts See $0.76 EPS

September 17, 2017 - By Hazel Jackson

 PacWest Bancorp (PACW) Analysts See $0.76 EPS
Investors sentiment decreased to 1.03 in 2016 Q4. Its down 0.24, from 1.27 in 2016Q3. It is negative, as 26 investors sold PacWest Bancorp shares while 114 reduced holdings. 52 funds opened positions while 92 raised stakes. 105.44 million shares or 0.65% less from 106.13 million shares in 2016Q3 were reported.
Moreover, Mckinley Mgmt Ltd Liability Delaware has 0.06% invested in PacWest Bancorp (NASDAQ:PACW) for 28,328 shares. Citigroup holds 225,590 shares. Barclays Public Ltd Co holds 0% of its portfolio in PacWest Bancorp (NASDAQ:PACW) for 62,242 shares. Iberiabank has 1.05% invested in PacWest Bancorp (NASDAQ:PACW) for 52,862 shares. Gemmer Asset Lc has invested 0.01% in PacWest Bancorp (NASDAQ:PACW). Td Asset Mngmt owns 33,700 shares. Envestnet Asset Mngmt holds 0.01% in PacWest Bancorp (NASDAQ:PACW) or 40,158 shares. Nebraska-based Ameritas Inv Ptnrs Inc has invested 0.1% in PacWest Bancorp (NASDAQ:PACW). Willingdon Wealth Management has 1.9% invested in PacWest Bancorp (NASDAQ:PACW) for 73,802 shares. Geode Limited Liability Company invested in 902,873 shares. Bbva Compass Bancorp has 0.04% invested in PacWest Bancorp (NASDAQ:PACW) for 9,536 shares. Capstone Asset Management reported 0.01% in PacWest Bancorp (NASDAQ:PACW). Bluecrest Capital holds 116,693 shares. Commonwealth Equity reported 0% stake. Karpas Strategies Llc has 0.21% invested in PacWest Bancorp (NASDAQ:PACW) for 8,102 shares.

Analysts expect PacWest Bancorp (NASDAQ:PACW) to report $0.76 EPS on October, 17.They anticipate $0.01 EPS change or 1.30 % from last quarter’s $0.77 EPS. PACW’s profit would be $91.17 million giving it 15.03 P/E if the $0.76 EPS is correct. After having $0.77 EPS previously, PacWest Bancorp’s analysts see -1.30 % EPS growth. The stock increased 1.08% or $0.49 on September 15, reaching $45.68. About 957,347 shares traded or 51.25% up from the average. PacWest Bancorp (NASDAQ:PACW) has risen 18.91% since September 17, 2016 and is uptrending. It has outperformed by 2.21% the S&P500.

PacWest Bancorp (NASDAQ:PACW) Ratings Coverage

Among 13 analysts covering Pacwest Bancorp (NASDAQ:PACW), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Pacwest Bancorp had 22 analyst reports since October 13, 2015 according to SRatingsIntel. DA Davidson upgraded it to “Buy” rating and $53.0 target in Thursday, September 7 report. BMO Capital Markets maintained the shares of PACW in report on Friday, July 7 with “Hold” rating. The firm earned “Strong Buy” rating on Thursday, April 6 by Raymond James. The firm has “Buy” rating given on Monday, August 14 by Piper Jaffray. As per Monday, August 14, the company rating was maintained by Keefe Bruyette & Woods. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, October 19. The firm earned “Neutral” rating on Monday, July 18 by DA Davidson. As per Thursday, March 24, the company rating was maintained by Wood. On Wednesday, December 7 the stock rating was initiated by Raymond James with “Outperform”. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, October 4 report.

PacWest Bancorp is a bank holding company for Pacific Western Bank . The company has market cap of $5.48 billion. The Firm is focused on relationship business banking to small, middle-market and venture-backed businesses. It has a 15.77 P/E ratio. As of December 31, 2016, the Bank offered a range of loan and deposit services and products 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.

More news for PacWest Bancorp (NASDAQ:PACW) were recently published by: Nasdaq.com, which released: “PacWest Bancorp is Now Oversold (PACW)” on August 17, 2017. Streetinsider.com‘s article titled: “DA Davidson Upgrades PacWest Bancorp (PACW) to Buy” and published on September 07, 2017 is yet another important article.

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