PacWest Bancorp (PACW) Analysts See $0.75 EPS

January 17, 2018 - By Richard Conner

 PacWest Bancorp (PACW) Analysts See $0.75 EPS
Investors sentiment decreased to 1.31 in Q3 2017. Its down 0.18, from 1.49 in 2017Q2. It fall, 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.
Great Lakes Advisors Limited Liability Corp holds 222,687 shares. Profund Advsrs holds 0.03% or 14,365 shares. Whittier Tru Of Nevada holds 0% or 32 shares. California State Teachers Retirement System holds 201,254 shares or 0.02% of its portfolio. Hsbc Plc reported 0% in PacWest Bancorp (NASDAQ:PACW). Investment Counselors Of Maryland Limited Liability holds 5,676 shares. 4,328 are owned by Cubist Systematic Strategies Limited Liability. Sit Inv Assoc has invested 0.05% in PacWest Bancorp (NASDAQ:PACW). Raymond James Svcs Advsr has invested 0.03% in PacWest Bancorp (NASDAQ:PACW). State Of Tennessee Treasury Department accumulated 200,000 shares or 0.05% of the stock. Public Employees Retirement Systems Of Ohio stated it has 0.02% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Hollencrest Secs Limited Liability has 0.24% invested in PacWest Bancorp (NASDAQ:PACW) for 34,842 shares. 4,180 were reported by Raymond James Na. Us Bank & Trust De holds 0.01% or 40,817 shares. 8,633 are owned by Dowling & Yahnke Limited Liability Company.

Analysts expect PacWest Bancorp (NASDAQ:PACW) to report $0.75 EPS on January, 18.They anticipate $0.04 EPS change or 5.63 % from last quarter’s $0.71 EPS. PACW’s profit would be $95.67M giving it 17.37 P/E if the $0.75 EPS is correct. After having $0.84 EPS previously, PacWest Bancorp’s analysts see -10.71 % EPS growth. The stock decreased 1.72% or $0.91 during the last trading session, reaching $52.1. About 979,335 shares traded. PacWest Bancorp (NASDAQ:PACW) has risen 18.91% since January 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 36 analyst reports since October 13, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, July 18. Sandler O’Neill maintained PacWest Bancorp (NASDAQ:PACW) rating on Thursday, January 4. Sandler O’Neill has “Buy” rating and $56.0 target. The firm has “Neutral” rating given on Wednesday, October 18 by FBR Capital. FBR Capital maintained the stock with “Buy” rating in Wednesday, July 19 report. The company was maintained on Thursday, October 19 by BMO Capital Markets. The firm earned “Strong Buy” rating on Thursday, April 6 by Raymond James. On Monday, September 18 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by Raymond James with “Strong Buy” on Tuesday, August 22. Piper Jaffray maintained PacWest Bancorp (NASDAQ:PACW) on Thursday, October 5 with “Buy” rating. Keefe Bruyette & Woods maintained the shares of PACW in report on Tuesday, October 3 with “Buy” rating.

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 $6.65 billion. The firm accepts demand, money market, and time deposits. It has a 17.6 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 important recent PacWest Bancorp (NASDAQ:PACW) news were published by: Nasdaq.com which released: “PacWest Bancorp Reaches Analyst Target Price” on January 12, 2018, also Globenewswire.com published article titled: “PacWest Bancorp Announces Loan Portfolio Sale”, Forbes.com published: “PacWest Bancorp Named Top Dividend Stock With Insider Buying and 4.21% Yield” on November 02, 2017. More interesting news about PacWest Bancorp (NASDAQ:PACW) was released by: Globenewswire.com and their article: “PacWest Bancorp and CU Bancorp Announce Receipt of Final Regulatory Approvals” with publication date: October 06, 2017.

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