PacWest Bancorp (PACW) EPS Estimated At $0.76

September 17, 2017 - By Marry Poplack

 PacWest Bancorp (PACW) EPS Estimated At $0.76
Investors sentiment decreased to 1.03 in 2016 Q4. Its down 0.24, from 1.27 in 2016Q3. It worsened, 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.
Los Angeles Mngmt Equity Rech stated it has 32,600 shares. Gradient Investments Lc, a Minnesota-based fund reported 682 shares. Moreover, Martingale Asset Mgmt L P has 0.3% invested in PacWest Bancorp (NASDAQ:PACW) for 393,742 shares. Whittier Tru invested in 70 shares or 0% of the stock. Ironwood Fincl Ltd Liability Corp reported 7 shares. Ameritas Investment Ptnrs invested in 36,286 shares. Bancorp Of America Corp De reported 0.01% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Silvercrest Asset Mgmt Gru Ltd Company accumulated 2.38M shares. Baldwin Brothers Ma reported 0.15% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Parametric Portfolio Assocs Ltd Liability stated it has 426,324 shares. Liberty Mutual Group Inc Asset Mgmt Inc invested in 0.11% or 54,377 shares. Aristotle Boston Llc holds 140,539 shares. 253,760 were accumulated by California State Teachers Retirement Systems. Norinchukin Bankshares The has invested 0.01% in PacWest Bancorp (NASDAQ:PACW). The California-based Wells Fargo & Mn has invested 0.07% in PacWest Bancorp (NASDAQ:PACW).

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. The company was upgraded on Thursday, September 7 by DA Davidson. The firm earned “Hold” rating on Tuesday, July 18 by BMO Capital Markets. The rating was initiated by Raymond James on Wednesday, December 7 with “Outperform”. Wood maintained PacWest Bancorp (NASDAQ:PACW) rating on Thursday, March 24. Wood has “Outperform” rating and $45 target. The firm earned “Hold” rating on Friday, July 7 by BMO Capital Markets. The stock has “Market Perform” rating by Wells Fargo on Tuesday, October 4. Piper Jaffray maintained PacWest Bancorp (NASDAQ:PACW) on Monday, August 14 with “Buy” rating. The stock has “Strong Buy” rating by Raymond James on Tuesday, August 22. The stock of PacWest Bancorp (NASDAQ:PACW) earned “Strong Buy” rating by Raymond James on Thursday, April 6. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, August 14 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: Streetinsider.com, which released: “DA Davidson Upgrades PacWest Bancorp (PACW) to Buy” on September 07, 2017. Nasdaq.com‘s article titled: “PacWest Bancorp is Now Oversold (PACW)” and published on August 17, 2017 is yet another important article.

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